SharpLink Nears 1% of Total ETH Supply: A Strategic Power Move Backed by Ethereum Co-Founder

• SharpLink’s Ethereum Buying Spree: By the Numbers
• Why Is SharpLink Betting Big on Ethereum?
• Market Reactions: Genius or Gamble?
• FAQs: SharpLink’s ETH Accumulation

SharpLink, a tech firm backed by ethereum co-founder Joseph Lubin, is making waves in the crypto space with its aggressive accumulation of ETH. Over the past nine days, the company has added $515 million worth of ETH to its treasury, positioning itself as the largest private holder of Ethereum—even surpassing the Ethereum Foundation. With plans to raise an additional $5 billion through SEC-approved stock sales, SharpLink aims to secure 1% of ETH’s total supply. This bold strategy has sparked debates about its potential impact on Ethereum’s market dynamics and institutional adoption. Here’s a deep dive into SharpLink’s moves and what they mean for the crypto ecosystem.

SharpLink’s Ethereum Buying Spree: By the Numbers

SharpLink isn’t just dipping its toes into Ethereum—it’s diving headfirst. According to on-chain analytics firm Lookonchain, the company purchased 32,892 ETH ($115 million) in a single 3-hour window on July 18, 2025. This brings its total accumulation to 144,501 ETH ($515 million) over nine days, vaulting its holdings to 280,000 ETH. To put this in perspective, that’s enough ETH to rank SharpLink ahead of the Ethereum Foundation in terms of institutional holdings. The company’s treasury now generates passive income through staking, earning 415 ETH ($1.5 million) in rewards since June 2025.

Why Is SharpLink Betting Big on Ethereum?

Joseph Lubin’s involvement hints at a long-term vision. SharpLink’s recent SEC filing reveals plans to raise $5 billion by issuing new shares, with nearly all proceeds earmarked for ETH purchases. Analysts at BTCC speculate this could mirror MicroStrategy’s bitcoin playbook—creating a feedback loop where corporate demand drives price appreciation. Galaxy Research notes that SharpLink’s moves might trigger institutional FOMO, especially as Ethereum solidifies its role in decentralized finance (DeFi) and layer-2 scaling solutions.

Market Reactions: Genius or Gamble?

Not everyone’s convinced. SharpLink’s stock (SBET) dipped briefly after the announcement, but it’s still up 370% year-to-date. Critics argue that concentrating corporate assets in a volatile crypto asset is risky. Supporters, however, point to Ethereum’s deflationary supply post-Merge and its utility as a yield-generating asset. “This isn’t just speculation—it’s a strategic reserve,” remarked a BTCC analyst. “SharpLink’s staking rewards alone could cover operational costs.”

FAQs: SharpLink’s ETH Accumulation

How much ETH does SharpLink own now?

As of July 2025, SharpLink holds 280,000 ETH, worth approximately $1 billion at current prices.

What’s Joseph Lubin’s role in SharpLink?

Lubin, an Ethereum co-founder, is a key backer of SharpLink, though his exact stake remains undisclosed.

Could SharpLink’s moves affect ETH’s price?

Yes. Large-scale corporate buying reduces circulating supply, potentially creating upward price pressure.