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SharpLink Increases Ethereum Reserve to 360,807 ETH

source-logo  coinpaper.com 23 July 2025 01:52, UTC
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  • The company led by Ethereum co-founder Joseph Lubin has purchased 79,949 $ETH.
  • Its portfolio has now grown to 360,807 $ETH.
  • SharpLink Gaming launched its Ethereum strategy in early June 2025.

SharpLink Gaming, the world's largest corporate holder of Ethereum, announced that its holdings reached 360,807 $ETH as of July 20, 2025, up 29% from the previous week.

According to the weekly report, the company purchased 79,949 $ETH at an average price of $3,238, marking the largest weekly purchase volume in its history. Since the launch of its digital treasury strategy on June 2, 2025, SharpLink has also received 567 $ETH in staking rewards.

It is worth noting that in June, SharpLink acquired more than 176,000 $ETH for $463 million and became the largest public owner of Ethereum. At the same time, $96.6 million received under the At-The-Market (ATM) program has not yet been used for purchases and will be deployed to further increase crypto reserves.

Thus, SharpLink's unrealized profit amounts to more than $1.3 billion.

coinpaper.com