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SharpLink Acquired 77K More ETH, Boosting Holdings Over $1.6B

Summary by Coin Desk
SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, unveiled on Tuesday that its ether (ETH) holdings increased to 438,190 tokens, worth roughly $1.68 billion at current pricesThe company bought 77,209 ether (ETH), or $297 million, through the week ending on July 27. It has also raised $279 million by selling shares, tapping at-the-market equity facility.Shares are lower b…

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The price of Ethereum (ETH) again grabs the attention of the crypt market after an increase of 4% in just 24 hours, driven by a number of key factors. Among them, highlights the million-dollar purchase of 77,210 ETH by the company SharpLink Gaming, which is listed in Nasdaq. This acquisition, valued at almost $300 million, not only exceeds the monthly net issue of Ethereum, but also places SharpLink as the second largest corporate holder of ETH …

Key points of the News SharpLink Gaming reinforces its position as the second largest corporate holder of Ethereum after adding 77,210 ETH valued at about $295 million, raising its total treasury of ETH to more than 438,000 coins. The firm listed in Nasdaq recently designated Joseph Chalom, former BlackRock executive, as co-CEO to strengthen its cryptic leadership. Most of the ETH acquired has been set aside for stacking to generate passive reve…

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Coinscreed broke the news in on Monday, July 28, 2025.
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