SharpLink’s $667M Ether Bet Pays Off as Crypto Soars Toward Record Highs

SharpLink just dropped a cool $667 million on Ether—right as prices rocket toward all-time highs. Talk about timing.

The Big Gamble

While traditional finance hedges and hesitates, crypto players push their chips all-in. SharpLink's massive purchase screams confidence in Ethereum's surge—no second-guessing, no looking back.

Market Momentum

Prices aren't just climbing; they're sprinting. Ether's rally has investors buzzing, skeptics sweating, and SharpLink sitting pretty on a potential goldmine. Because in crypto, fortune favors the bold—or the wildly optimistic.

Finance’s ‘Safe’ Bet? Think Again.

Meanwhile, Wall Street still debates whether digital assets are ‘legitimate.’ SharpLink’s move? A $667 million middle finger to doubters. Because nothing says ‘I believe’ like betting half a billion on internet money.

So, as Ether flirts with record highs, remember: in the game of digital fortunes, SharpLink isn’t just playing—they’re all in.

• SharpLink buys 143,593 ETH, boosting holdings to 740,760, worth $3.2 billion amid Ether’s price surge.
• Over 1,300 ETH earned from staking, with nearly all holdings deployed in Ethereum’s proof-of-stake network.
• A $103M loss causes a stock drop, while Ethereum’s institutional demand rises with $3.7B in ETF inflows.

SharpLink Gaming increased its Ether (ETH) holdings by purchasing 143,593 tokens as the price of ETH ROSE to record levels. In an SEC filing, the company revealed that they purchased the tokens at an average of 4,648 dollars per token, taking the total amount to $667.4 million. That purchase brings the total ETH owned by SharpLink to 740,760, valued at approximately $3.2 billion at current prices.

The newest purchase comes amid a robust run in capital costs of Ether, which briefly topped $4,700. SharpLink has been an active participant of the proof-of-stake (PoS) network within Ethereum. It earned 1,388 ETH in staking, or locking up assets to receive rewards using Ether. As of August 17, 2025, SharpLink stated it had staked almost all of its ETH staking, including liquid staking.

SharpLink Hit by $103M Loss, Shares Fall 13.5%

The company’s recent acquisition of SharpLink follows a net loss of $103 million in Q2 2025. This loss was mostly because of a paper loss caused by taking into account staked liquid Ether (LsETH). 

This financial crisis brought drastic changes in the company stock price. SharpLink shares experienced a 12.5% decline on Friday and have collectively declined 13.5% over the past five trading days. On Monday, the stock closed at $20.10.

The MOVE is part of a greater push to buy Ether as an increasing number of institutions invest in Ethereum. Such a wave of institutional demand resulted in $3.7 billion in inflows to spot Ether exchange-traded funds (ETFs) between August 5 and Thursday. These large inflows are indications of emerging levels of confidence elevated towards the future growth and stability of Ethereum.

NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH

Key highlights for the week ending Aug 17, 2025:

→ Raised $537M through ATM and direct offerings
→ Added 143,593 ETH at ~$4,648 avg. price
→ Staking rewards: 1,388 ETH since June 2 launch… pic.twitter.com/GSe6XzSAwW

BitMine Secures 373,000 ETH, Becoming Second-Largest Crypto Treasury

SharpLink is not the only company that acquires Ethers. Recently, BitMine, one of the major competitors, acquired 373,000 ETH. This acquisition raises the amount of Ether that BitMine has secured to 1.52 million ETH, worth approximately $6.6 billion. 

BitMine is now the second-largest crypto treasury in the world, following the Michael Saylor strategy, as a result of the acquisition. Strategy possesses 629,376 BTC, with a total value of about $72.7 billion.

Major milestone for @BitMNR $BMNR as the company is now the #2 largest crypto treasury in the World behind only @MicroStrategy $MSTR
https://t.co/mWY9Mn3nlT

With the increase in Ether holdings, SharpLink will have to adhere to the complex regulatory environment of staking. The company has realized that its staking operations may be affected by the changing governmental policies. Its future participation in the ethereum network will be conditioned by the market circumstances as well as the changing regulatory environment.