SharpLink Gaming, a prominent publicly traded entity and a significant holder of Ether (ETH), has announced a substantial strategic expansion of its digital asset reserves. The company recently acquired an additional 12,207 ETH, a transaction valued at approximately $30.7 million, at an average purchase price of $2,513 per ETH.
This latest acquisition, detailed in a recent press release, occurred between June 16 and June 20, with a total expenditure of $30,674,829. Moreover, this strategic procurement aligns with SharpLink’s overarching objective to fortify its Ethereum treasury, reinforcing its commitment to treating ETH as its primary reserve asset.
SharpLink Gaming Increases ETH Holdings
The company has allocated a significant portion of its Ethereum to staking and liquid staking services to maximize value and profit from these digital assets.
SharpLink is closely tying its ongoing effort to increase its Ethereum supply to its overall growth strategy. On June 20, SharpLink confirmed it is using all of its Ethereum for staking services.
These investments have already proven successful, yielding 120 ETH in rewards since the company initiated its Ethereum-focused treasury plan on June 2. This innovative approach to asset management demonstrates SharpLink’s advanced utilization of decentralized finance tools.
SharpLink has also raised approximately $27.7 million by selling 2,547,180 shares of its stock through its At-The-Market (ATM) program, in addition to buying Ethereum directly. The company plans to use most of this capital to acquire additional Ethereum assets, clearly indicating its strategy to expand its digital presence.
Joseph Lubin, the Chairman of SharpLink and a key figure in the Ethereum network, shared the company’s optimistic outlook. Lubin stated:
“We believe in the future of Ethereum, and this purchase of ETH shows our commitment to creating long-term value for SharpLink’s shareholders.”
He also highlighted how digital assets can significantly change the future of both technology and finance, based on his extensive experience with blockchain innovation.
Previous Purchase and ETH Holdings
On June 13, CoinTab reported that SharpLink Gaming bought $463 million worth of Ethereum at an average price of $2,626 per ETH to strengthen its treasury.
This move positions the firm as the largest public company holding ETH worldwide, and the second-largest overall, with only the Ethereum Foundation holding more. Following an earlier deal on May 26, 2025, the company also announced that it had raised an additional $79 million through its market offering.
A significant portion of this new money was used to purchase more ETH, thereby increasing the total amount. These purchases have increased the company’s ETH per share by 11.8% since June 2, 2025.
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