Nasdaq-listed SharpLink Gaming disclosed as we speak that it bought an extra 56,553 Ethereum (ETH) throughout the week ending August 24. The newest acquisition brings the corporate’s whole ETH holdings to roughly $3.7 billion.
SharpLink Gaming Enhances Ethereum Holdings
In line with an announcement made as we speak, SharpLink Gaming shouldn’t be holding again from shopping for ETH regardless of the present market turbulence. The corporate said it had bought 56,553 ETH throughout the week ending August 24.
Notably, SharpLink’s newest ETH purchase was its fourth consecutive weekly buy of the digital asset in as many weeks. Commenting on the event Joseph Chalom, Co-Chief Govt Officer stated:
Our regimented execution of SharpLink’s ETH treasury technique continues to display the energy of our imaginative and prescient and the dedication of our staff. With almost 800,000 ETH now in reserve and powerful liquidity obtainable for additional ETH acquisitions, our concentrate on constructing long-term worth for our stockholders whereas concurrently supporting the broader Ethereum ecosystem stays unwavering.
As Chalom highlighted, SharpLink’s ETH reserves are nearing the 800,000 milestone, at the moment standing at 797,704 ETH. The agency’s common buy value throughout the newest acquisition was $4,462 per ETH.
As well as, the corporate has earned an additional 1,799 ETH by means of staking since June 2. SharpLink additionally maintains roughly $200 million in money reserves earmarked for future ETH purchases.
In the meantime, the Ethereum focus ratio – a proprietary metric developed by SharpLink Gaming – has risen to three.80. This determine displays robust asset density per share on a completely diluted foundation and offers shareholders with a clear measure of ETH publicity per share.
On the time of writing, SharpLink Gaming shares have been buying and selling at $19.42, up 1.3% on the day. Over the previous six months, the inventory has gained a formidable 315%, primarily buoyed by its ETH treasury technique.
Is ETH Going To Change Bitcoin On Company Steadiness Sheets?
Whereas Bitcoin (BTC) stays the dominant crypto asset with a market cap exceeding $1 trillion, corporations are more and more warming to the concept of holding ETH as a part of their treasury technique.
A latest report from VanEck urged that ETH might in the end function a stronger retailer of worth than BTC. On the same observe, Ethereum treasury agency ETHZilla introduced yesterday that it had expanded its holdings to greater than 102,000 ETH.
Nonetheless, not all are equally satisfied about ETH’s supposed superiority over BTC. In Q2 2025, Galaxy Digital boosted its Bitcoin holdings with 4,272 BTC, whereas lowering its ETH publicity. At press time, ETH trades at $4,545, down 0.8% prior to now 24 hours.
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