SharpLink’s Ethereum Empire Hits 205,634 ETH – Rakes in 322 ETH from Staking Alone

SharpLink just flexed its crypto muscles—stacking a staggering 205,634 ETH while quietly pocketing 322 ETH in staking rewards. Not bad for 'digital gold' that pays dividends while Wall Street still debates its legitimacy.

The ETH Power Play

No yield farming, no leverage—just cold, hard proof-of-stake gains. While traditional finance chases 2% bond yields, SharpLink’s Ethereum vault spins straw into ether.

The Cynic’s Corner

Let’s see if those staking rewards cover the gas fees next time ETH decides to moon—or crash. Crypto winters build character, after all.

SharpLink Gaming, Inc. (Nasdaq: SBET), the world's largest publicly traded company to adopt ethereum as its primary treasury reserve asset, has announced the acquisition of an additional 7,689 ETH, bringing its total holdings to 205,634 ETH while earning 322 ETH in staking rewards since launching its treasury strategy on June 2, 2025.

The company acquired the additional Ethereum during the week of June 28 through July 4, 2025, at a weighted average price of $2,501 per ETH, inclusive of fees and related transaction expenses. To support this strategic expansion, SharpLink raised approximately $64 million in net proceeds during the same period through its At-The-Market (ATM) facility, the company said in a statement.

NEW: SharpLink now holds ~205,634 ETH

Between June 28 and July 4, SharpLink acquired ~7,689 ETH for ~$19.2M at an average price of ~$2,501 per ETH

During that same period, the company raised an additional ~$64.2M through its ATM facility, selling ~5.4M shares

SharpLink has… pic.twitter.com/bhS0K1ZBul

SharpLink's aggressive Ethereum accumulation strategy has generated significant market enthusiasm, with the stock surging nearly 26% over the past day and climbing 63.88% over the past five days to $16.29.

Of the $64 million raised through the ATM facility, approximately $37.2 million was raised on July 3, 2025, but had yet to be allocated to ETH purchases as of the close of business that day. A large portion of this capital is expected to be deployed in ETH purchases during the current week, further expanding the company's Ethereum position.

Comprehensive Staking Strategy

SharpLink has committed 100% of its ETH holdings to staking and restaking protocols, optimizing its yield-generation strategy. Between June 28 and July 4, 2025, the company earned approximately 100 ETH through staking rewards, contributing to a total estimated reward yield of 322 ETH since initiating the program on June 2, 2025.

This yield-focused approach differentiates SharpLink from traditional treasury strategies, allowing the company to generate additional returns on its digital asset holdings while supporting the Ethereum network's proof-of-stake consensus mechanism.

To enhance visibility into its treasury performance, SharpLink has introduced "ETH Concentration" – a novel transparency metric designed to help investors assess the company's ETH exposure relative to its equity structure. ETH Concentration is calculated by dividing total ETH held by 1,000 Assumed Diluted Shares Outstanding.

Since the initial announcement of its ETH purchases on June 13, 2025, SharpLink's ETH Concentration has grown steadily, rising from 2.00 ETH to 2.37 ETH – representing a 19% increase in just three weeks, excluding common stock shares related to the $37.2 million still to be deployed in ETH purchases.

Leadership Vision and Market Position

Joseph Lubin, SharpLink chairman, co-founder of Ethereum and founder and CEO of Consensys, commented on the company's performance: "Our sustained success is a direct result of SharpLink's disciplined execution of its ETH-centric treasury management strategy and its unwavering commitment to operational transparency."

"By continuously refining our treasury strategy and adopting innovative transparency metrics like ETH Concentration, we're not only maximizing long-term value for shareholders but also setting a new benchmark for responsible digital asset stewardship in today's public markets," Lubin added.