Ethereum News Today: SharpLink Gaming’s Bold Moves Drive 21% Holdings Surge and 110.73% Stock Boom

In a bold move that has caught the attention of the cryptocurrency world, SharpLink Gaming, Inc. (Nasdaq: SBET) has significantly increased its Ethereum holdings, driving a 21% jump in just one week. This strategic accumulation has not only boosted their treasury to $1.33 billion but also sent their stock soaring by 110.73%. Here’s what you need to know about this groundbreaking development in Ethereum news today.

SharpLink Gaming’s Ethereum Purchases: A Strategic Masterstroke

SharpLink Gaming acquired 77,209.58 ETH over the week of July 21–27, 2025, spending approximately $290 million at an average price of $3,756 per token. This purchase brought their total Ethereum holdings to 438,190 ETH, marking a 70% increase since the strategy began on June 2. The company also reported 0.2K ETH in staking rewards for the week, adding to a cumulative total of 722 ETH since the initiative launched.

How Did SharpLink Fund These Ethereum Purchases?

The purchases were funded through an at-the-market (ATM) share issuance facility, which generated $279.2 million in net proceeds during the same period. Over 10.8 million shares were issued in the week of July 21–25, following a prior issuance of 3.8 million shares the preceding week. Since the start of July, SharpLink has raised over $850 million via ATM issuance, enabling continued Ethereum purchases without relying on external financing or leverage.

The Impact on SharpLink’s Stock and Treasury

SharpLink’s stock price has surged in tandem with its Ethereum strategy. Shares of SBET rose 110.73% month-to-date, peaking above $35 mid-July before retreating to $20.92 by July 27. The company now controls the largest public Ethereum treasury, valued at approximately $1.33 billion, with over 95% of its holdings staked or deployed through liquid staking platforms.

What Does This Mean for the Future of Ethereum?

SharpLink’s aggressive accumulation underscores a broader trend of institutional participation in Ethereum’s ecosystem. By locking over 95% of its holdings into staking mechanisms, SharpLink transforms its Ethereum treasury into a passive income stream, distinct from traditional corporate treasuries. The company’s ability to fund these purchases through equity issuance without incurring debt suggests a confidence in its market position and growth trajectory.

FAQs

Q: How much Ethereum did SharpLink Gaming purchase?
A: SharpLink Gaming acquired 77,209.58 ETH over the week of July 21–27, 2025, bringing their total holdings to 438,190 ETH.

Q: What was the average price per ETH in these purchases?
A: The average price per ETH was $3,756.

Q: How did SharpLink fund these purchases?
A: The purchases were funded through an at-the-market (ATM) share issuance facility, which generated $279.2 million in net proceeds.

Q: What is the current value of SharpLink’s Ethereum treasury?
A: The treasury is valued at approximately $1.33 billion.

Q: How has SharpLink’s stock performed recently?
A: Shares of SBET rose 110.73% month-to-date, peaking above $35 mid-July before retreating to $20.92 by July 27.