SharpLink Gaming, Inc. ETH Holdings High $3.6B – Will Others Comply with?

SharpLink Gaming, Inc. (Nasdaq: SBET), one of many world’s largest company holders of Ether (ETH), reported one other week of regular development in its Ethereum treasury.

For the interval spanning August 25 by means of August 31, 2025, the corporate acquired 39,008 ETH at a median buy value of $4,531. The transfer boosted its complete holdings to 837,230 ETH, valued at greater than $3.6 billion.

Joseph Chalom, co-chief executive officer of SharpLink, harassed the disciplined method in a press release: “SharpLink continues to execute our treasury strategy with precision, successfully growing our ETH holdings and consistently earning staking rewards. We remain opportunistic in our capital raising initiatives and will continue to closely monitor market conditions to maximize shareholder value.”

The newest acquisitions had been funded by means of SharpLink’s At-the-Market (ATM) fairness program, which generated $46.6 million in web proceeds through the week of August 25–29. In complete, the corporate has leaned closely on its ATM facility since launching its ETH-focused treasury technique in June 2025, elevating a whole lot of tens of millions of {dollars} over the previous three months.

During the most recent reporting interval, SharpLink issued 2.4 million shares beneath the ATM, in contrast with 18.6 million shares within the prior week. The firm continues to stability fairness issuance with digital asset purchases, fastidiously adjusting primarily based on market demand and ETH value circumstances.

In addition to direct purchases, SharpLink’s treasury technique is benefiting from Ethereum’s staking ecosystem. As of August 31, the corporate has earned 2,318 ETH in staking rewards since June. The agency additionally launched an inner metric generally known as ETH Concentration, which measures the variety of ETH held per 1,000 diluted shares excellent.

For the week ending August 31, ETH Concentration rose to three.94, representing a 97% enhance for the reason that begin of this system. The metric supplies buyers with extra transparency into yield efficiency and stability sheet publicity, additional differentiating SharpLink from conventional company treasuries.

SharpLink’s stability sheet stays wholesome, with roughly $71.6 million in money and equivalents. This monetary flexibility positions the corporate to proceed its aggressive ETH acquisition strategy whereas supporting ongoing enterprise operations.

By steadily constructing one of many largest company Ethereum reserves on this planet, SharpLink has established itself as an early advocate for institutional ETH adoption. Its mix of ATM-driven capital elevating, direct acquisitions, and staking rewards exhibits how digital belongings have gotten embedded in company monetary technique.