SharpLink doubles Down on Ethereum, Boosting ETH Holdings
SharpLink Gaming, a Minneapolis-based iGaming company, has significantly increased its Ethereum (ETH) holdings.In just three weeks, its ETH-per-share exposure rose from 2.00 to 2.37. This move solidifies its position as a leader in crypto treasury management.
SharpLink recently announced it now owns 205,634 ETH tokens. The company bought an additional 7,689 ETH in early July, at an average price of $2,501 per token. this strategic move reflects its commitment to crypto. The firm, once focused on sports betting technology, is now a major player in the crypto space. It has staked all its coins, tracking exposure meticulously. This bold step sets new standards for institutional investors.
On July 8, SharpLink revealed it now holds over 205,000 ETH tokens. This acquisition, worth about $19.2 million, making it a important player in the crypto space.
SharpLink’s aggressive crypto strategy is setting new standards for institutional investors. Unlike companies that dabble in crypto as a speculative side bet, SharpLink has gone all-in—staking 100% of its holdings, optimizing yield through restaking, adn introducing openness metrics that give shareholders direct insight into its Ethereum exposure.
SharpLink’s latest financial disclosures reveal the company’s new ETH Concentration metric, first introduced in June to track how many Ethereum tokens the company holds per 1,000 assumed diluted shares outstanding.This creates what amounts to a worst-case scenario measurement, giving shareholders absolute clarity about their minimum ETH exposure per share.
As of July 4, SharpLink’s ETH concentration stood at 2.37 ETH per 1,000 shares, up from 2.00 in early June, representing a 19% jump in just three weeks.SharpLink’s shares jumped 26% to $15.93 following the proclamation, reflecting approval of both the company’s $19.2 million ETH purchase last week and its plans to deploy another $37.2 million from a $64 million capital raise into additional Ethereum acquisitions.
The market reaction suggests growing confidence in SharpLink’s dual approach: aggressive accumulation paired with full utilization of staking protocols. As Ethereum solidifies its position at the center of decentralized finance and institutional adoption, the company’s treasury strategy may well become less an outlier and more a template.
