- SharpLink acquired 143,593 ETH worth $667M, lifting total holdings to 740,760 ETH valued $3.2B.
- Institutional ETH buying accelerates as BitMine tops 1.52M ETH and ETFs record $3.7B inflows.
SharpLink Gaming has expanded its Ether treasury with a purchase worth $667.4 million at near-record levels. According to a filing with the U.S. Securities and Exchange Commission on August 19, the Nasdaq-listed company acquired 143,593 ETH at an average price of $4,648 per token.
Meanwhile, the transaction increased SharpLink’s total Ether holdings to 740,760 ETH, valued at approximately $3.2 billion at current prices. The position reflects a 94% increase in Ether exposure since June 2.
Staking and Rewards Program
SharpLink confirmed that most of its Ether is deployed in Ethereum’s proof-of-stake network. The company reported earning 1,388 ETH in staking rewards since beginning the program.
“As of Aug. 17, 2025, substantially all of the ETH Holdings were deployed in staking, including through liquid staking,” the filing stated. The company added: “We note that aspects of our staking activities may be subject to government regulation and guidance subject to change.”
Funding for the latest purchases came from $537 million raised through a $390 million registered direct offering and $146.5 million via an at-the-market program, leaving $84 million in cash for future deployment.
NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH
Key highlights for the week ending Aug 17, 2025:
→ Raised $537M through ATM and direct offerings
→ Added 143,593 ETH at ~$4,648 avg. price
→ Staking rewards: 1,388 ETH since June 2 launch… pic.twitter.com/GSe6XzSAwW— SharpLink (SBET) (@SharpLinkGaming) August 19, 2025
In addition, SharpLink’s stock price fell following the announcement. Shares dropped 12% on Friday and closed at $18.38 on Monday, down 13.5% over five sessions, according to TradingView data.
The company also disclosed a $103 million net loss for the second quarter of 2025. Losses were partly linked to accounting for liquid staked Ether (LsETH).
Institutional Accumulation Trend
The purchase comes amid accelerated institutional buying of Ether. BitMine Immersion Technologies reported acquiring 373,000 ETH this week, lifting its holdings to 1.52 million ETH valued at $6.6 billion. This places BitMine second among global crypto treasuries, behind only Michael Saylor’s Strategy, which holds 629,376 BTC worth around $72.7 billion.
Major milestone for @BitMNR $BMNR as the company is now the #2 largest crypto treasury in the World behind only @MicroStrategy $MSTR
👇 https://t.co/mWY9Mn3nlT— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) August 18, 2025
Ether exchange-traded funds also reported large inflows. Spot Ether ETFs recorded $3.7 billion in net inflows from August 5 through August 15, though they also saw heavy single-day outflows.
SharpLink’s latest purchase strengthens its position among leading corporate Ether holders. Alongside rivals, the company continues to expand its reserves through a mix of direct acquisitions and staking activity.
