- SharpLink’s large-scale purchase mirrors MicroStrategy’s Bitcoin approach.
- Shares surged 110% with significant ETH buys.
- Joseph Chalom’s appointment precedes this major acquisition.
SharpLink Gaming, Inc. has accumulated 438,190 ETH, valued at approximately $1.68 billion, through ATM stock issuance. This positions the company as a major Ethereum treasury, with a strategy similar to MicroStrategy’s Bitcoin approach.
SharpLink Gaming Inc. has significantly bolstered its Ethereum assets, amassing 438,190 ETH valued at approximately $1.68 billion, with notable funding occurring shortly after leadership changes. The company is now among the top corporate Ethereum holders worldwide.
This substantial acquisition highlights the expanding role of cryptocurrencies in corporate treasuries and is likely to influence institutional demand for Ethereum.
SharpLink Gaming Inc. lined up its strategy akin to MicroStrategy’s Bitcoin approach, by expanding its Ethereum holdings to 438,190 ETH, worth around $1.68 billion. The move places it as a significant player in corporate Ethereum holdings. The Ethereum purchases were funded by issuing additional company shares, amassing over $850 million since early July 2025, evidencing a robust capital allocation shift.
This investment, unprecedented for SharpLink, aligns with the appointment of Joseph Chalom as co-CEO, previously of BlackRock. Over 95% of the company’s Ethereum is staked, illustrating a strategy shift towards long-term engagement with Ethereum’s ecosystem. The corporate staking operation significantly influences the overall Ethereum supply and staking landscape, boosting liquidity lockup and reducing free-floating ETH, aligning with similar shifts in BTC by MicroStrategy.
The strategic financial movements led to a 110% rise in SharpLink’s stock during this purchasing spree. Additionally, the company’s single-week purchase exceeded all Ethereum net issuance throughout a preceding month. It is indicative of increased ETH liquidity constraint on a market level. As SharpLink extends its ATM prospectus to $6 billion, it exhibits a heightened focus on Ethereum, fanning institutional interest across the sector. Furthermore, the implications for on-chain transactions and staking protocols are considerable, with broader repercussions for other corporations considering similar treasury strategies.
Increased institutional participation in Ethereum may bolster its staking network and augment demand, analogous to previous corporate strategies seen with Bitcoin. Regulatory and technological outcomes might evolve contingent upon the broader acceptance and implementation of cryptocurrencies in such treasuries. Here, monitoring these trends will reveal whether Ethereum can replicate Bitcoin’s trajectory in corporate portfolios.
Banks close on weekends. Ethereum runs 24/7. – SharpLink Gaming, Official Social Media Account
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