Sharplink Goes Ballistic: Snaps Up $264.5M in Ethereum—While Wall Street Naps

Whale alert: Sharplink just executed one of the most aggressive Ethereum accumulation plays of 2025.

The $264.5 million buying spree—completed in just seven days—suggests institutional players are finally waking up to ETH's potential. Or maybe they're just chasing the next shiny object after missing Bitcoin's last rally.

Key takeaways:

- Whale-sized confidence: This isn't retail FOMO—this is nine-figure conviction

- Timing intrigue: Accumulation comes as Ethereum's scalability upgrades hit critical mass

- Market impact: Liquid supply shrinks while traditional finance still debates 'if' crypto is real

One hedge fund manager (who asked not to be named) quipped: 'TradFi spends millions on blockchain research—Sharplink just bought the blockchain.'

In Brief

• Sharplink Gaming acquires 83,561 ETH for $264.5 million between July 28 and August 3.
• The company’s total reserves reach 521,939 ETH, a 19% increase in one week.
• ETH concentration per share jumps 83% since the strategy launched in June.
• All assets remain fully staked, generating 929 ETH in cumulative rewards.

Sharplink strengthens its Ethereum strategy with a historic purchase

Between July 28 and August 3, Sharplink Gaming (Nasdaq: SBET) invested heavily $264.5 million to acquire 83,561 ETH at an average price of $3,634 per unit. 

The Minneapolis-based company thus increased its reserves to 521,939 ETH, a remarkable 19% rise in just one week.

Furthermore, this new offensive echoes the $54 million purchases made in early August within just 48 hours. Sharplink applies a 100% staking strategy on its holdings, generating steady passive income. 

As a result, 929 ETH in rewards have already been cashed out since June, validating the solidity and profitability of this approach.

The company finances these acquisitions through its equity financing mechanism, thus avoiding any debt. This financial prudence maximizes exposure to Ethereum without excessive risk. 

Finally, the ETH concentration per share climbs to 3.66, compared to 3.40 last week. A leap of 83% since the strategy launch, demonstrating the model’s effectiveness.

A long-term vision redefining treasury reserves

Joseph Chalom, co-CEO of Sharplink, announced in an interview that the company is currently exploring several financing options to further intensify its ETH purchases. Debt, capital increase, or other levers: all options are on the table to reinforce their accumulation strategy.

This positioning was reaffirmed on Sharplink’s official X account, where a statement from Chalom was shared: 

Ethereum will drive the digitization of finance. 

A statement that sums up the company’s strategic conviction about Ethereum’s central role in financial architecture for coming decades.

With its 521,939 ETH, Sharplink now holds the rank of second largest institutional holder worldwide, behind Bitmine Immersion Technologies (833,000+ ETH). 

This battle for accumulation reveals a historic turning point. Gone is the absolute reign of Bitcoin in treasuries: 2025 marks the emergence of altcoins as strategic corporate reserves.

This evolution addresses a crucial challenge for Ethereum. Specialized treasuries transform ETH into a “revenue machine” via staking, creating predictable cash flows that speak to Wall Street. A narrative finally digestible for traditional finance, accustomed to regular dividends and yields.

The Sharplink offensive perfectly symbolizes the transformation of the institutional crypto sector. This avant-garde strategy outlines the contours of an ecosystem where Ethereum seriously challenges bitcoin to conquer corporate treasuries.

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