SharpLink Gaming (Nasdaq: SBET) Boosts Ethereum Holdings Over 200,000 ETH, Stock Up 7%, Assets Fully Staked

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Updated Jul 1, 2025, 06:49 AM

SharpLink Gaming, a publicly traded company on Nasdaq under the ticker SBET, has continued to expand its Ethereum (ETH) treasury through multiple acquisitions in late June and early July 2025. The company initially increased its holdings by 30,000 ETH, valued at approximately $461 million, bringing its total to 188,478 ETH. This purchase marked SharpLink Gaming as the largest publicly traded holder of Ethereum, with its assets fully staked. Following this, the company's stock price rose by 7% in response to the $30 million Ethereum acquisition.

SharpLink Gaming further augmented its ETH holdings by acquiring an additional 12,207 ETH in a second treasury expansion and deposited 2,993 ETH (around $7.28 million) into Coinbase Prime as part of its broader strategy. In subsequent over-the-counter (OTC) transactions, SharpLink Gaming purchased 1,989 ETH worth $4.82 million and then another 4,951 ETH valued at $12.4 million within a 24-hour period. As of early July 2025, SharpLink Gaming's total Ethereum holdings have surpassed 200,000 ETH, with a market value approaching $500 million. The average purchase price for the ETH acquired was around $2,513 to $2,606 per token, with a current unrealized loss estimated at roughly $22.92 million due to market fluctuations. These strategic investments underscore SharpLink Gaming's commitment to establishing itself as a major institutional player in the Ethereum ecosystem.

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