SharpLink, a technology firm based in the United States, has made headlines for its recent acquisition of Ethereum, positioning itself as the largest corporate holder of the cryptocurrency. This significant acquisition took place during a span from July 7 to July 13.
NEW: SharpLink becomes the largest $ETH holder among corporate entitiesBetween July 7 and July 13, SharpLink acquired ~74,656 ETH for ~$213M at an average price of ~$2,852 per ETHTotal holdings now stand at ~280,706 ETH~99.7% of ETH is staked, earning ~415 ETH since June 2… pic.twitter.com/2yknUWgkLJ
— SBET (SharpLink Gaming) (@SharpLinkGaming) July 15, 2025
During this period, SharpLink purchased nearly 74,656 ETH at an average cost of $2,852, resulting in an overall investment of about $213 million. Consequently, the company’s total Ethereum holdings have now reached approximately 280,706 ETH.
This calculated buying strategy highlights a broader trend among corporations that are beginning to diversify their asset portfolios to include digital currencies beyond Bitcoin. SharpLink’s recent Ethereum acquisition underscores its commitment to the evolving landscape of blockchain technology, as well as its focus on staking incentives and decentralized finance applications.
Majority of Holdings Staked for Returns
Data released by SharpLink indicates that an impressive 99.7% of its Ethereum holdings are currently staked or restaked, which not only enhances on-chain security but also allows for the generation of passive income. Since June 2, the firm has accrued about 415 ETH through these staking activities.
The company has not made public the specific staking providers or restaking platforms utilized in these operations; however, the extensive scale of its participation implies potential partnerships with leading Ethereum infrastructure solutions, which may include liquid staking protocols.
This yield-focused strategy appears to be central to SharpLink’s treasury management, positioning Ethereum not merely as a reserve but as a vital component of its revenue-generating digital framework.
Rising ETH Concentration Among Institutions
The concentration of Ethereum among institutional and corporate holders has been on an upward trajectory. Since June 13, the proportion of ETH held by the top tier of stakeholders has grown by approximately 23%, with SharpLink’s extensive acquisitions playing a significant role in this trend.
As Ethereum’s price stabilized around $2,850 during the accumulation phase, SharpLink’s involvement reinforces a narrative of increasing institutional faith in ETH as a sustainable long-term investment.
While Bitcoin has traditionally been the dominant asset on corporate balance sheets, Ethereum’s multifaceted capabilities—including smart contracts, decentralized finance, and tokenization—continue to captivate strategic investors.
Trading under the ticker symbol $SBET, SharpLink has yet to provide insights on how this substantial ETH acquisition fits into its overall corporate strategy. Nonetheless, analysts are closely observing this development, interpreting it as a sign of growing institutional interest in Ethereum’s infrastructural and yield possibilities.
SharpLink Initiates Ethereum Treasury Strategy
SharpLink commenced its Ethereum treasury strategy in late May, coinciding with a $425 million private funding round spearheaded by Consensys—an infrastructure firm co-founded by Ethereum co-founder Joseph Lubin, who also assumed the role of chairman at SharpLink.
The firm’s ambitions extend beyond merely enhancing its treasury; SharpLink has also expressed a strong commitment to bolstering the long-term resilience and decentralization of the Ethereum network.
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