Ethereum (ETH) treasury firm SharpLink Gaming has resumed purchasing ETH. The company made its first purchase of ETH since August 2025, purchasing an additional 19,271 ETH at an average purchase price of $3,892 per ETH.
SharpLink increases Ethereum holdings to $3.5 billion.
Minneapolis-based SharpLink Gaming announced today that it has increased its total ETH holdings by 19,271 ETH. The company's total ETH holdings currently stand at 859,853 ETH, valued at nearly $3.5 billion.
The company disclosed this. high Excluding placement agent fees and other related expenses, total proceeds last week were $76.5 million. These proceeds were used to fund recent ETH purchases. Joseph Chalom, co-founder of SharpLink Gaming, said:
Our top priority is to create value for our shareholders through disciplined execution and relentless focus on ETH accumulation. The rights issue, completed last week, was executed at a premium to NAV. Shortly thereafter, we took advantage of attractive market conditions to acquire ETH at a lower price than when we raised capital. This sequence had an immediate positive impact on our shareholders and demonstrated the correctness of our strategy.
The Nasdaq-listed company also shared that total ETH staking rewards have increased to 5,671. SharpLink Gaming launched an ETH-focused corporate treasury strategy in June 2025.
The company also reported a 100% increase in Ethereum concentration. The indicator has surged to 4.0, up 100% since June 2025.
For the uninitiated, Ethereum concentration measures how much Ether SharpLink holds per 1,000 assumed diluted shares, providing insight into the company's cryptocurrency exposure relative to its overall potential asset base. This is calculated by dividing total ETH holdings (including LsETH) by all issued and potentially issuable shares, without using the treasury share method or considering vesting or conversion restrictions.
Following today's announcement, SharpLink Gaming's stock SBET is down 2.64% and is trading at $14.40 at the time of this writing. The stock has risen more than 440% in the past six months.
ETH is gaining attention from other cryptocurrencies
2025 will see an unprecedented increase in the number of companies adopting corporate finance strategies focused on cryptocurrencies, not just limited to leading digital assets such as Bitcoin (BTC) or ETH.
For example, CleanCore Solutions, which recently went public on the NYSE. presentation Dogecoin (DOGE) treasury volume has exceeded 710 million DOGE. The company aims to add 1 billion DOGE to its balance sheet.
That said, Ethereum adoption rates have outpaced all other digital assets, including BTC, throughout the year. Latest Ethereum Whale BitMine purchased Another 203,800 ETH effectively owns 2.7% of Ethereum's circulating supply. At press time, ETH is trading at $3,988, up 0.8% over the last 24 hours.
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