SharpLink Now Holds 205K ETH đ°
@SharpLinkGaming disclosed it holds 205,634 ETH worth about $527.4M as of July 4, making it the second-largest ether treasury after the Ethereum Foundation.
> Between June 28 and July 4, SharpLink bought 7,689 ETH for approximately $19.7M at an average price of $2,501 per token.
> The company raised $64M by selling nearly 5.5M shares through an at-the-market program, planning to use $37.2M of that to buy more ETH.
> Since launching its ether-focused treasury strategy on June 2, SharpLink has also earned 322 ETH (~$826,000) from staking rewards.
The pivot toward aggressively building an ETH treasury follows a $425M private placement led by Consensys. Joseph Lubin, Consensys CEO and Ethereum co-founder, became SharpLinkâs chairman in June.
> The move puts SharpLink alongside other public companies like DeFi Development Corporation and Upexi that are building significant altcoin treasuries in 2025.
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