In a bold strategic move reinforcing its position as a leader among public companies embracing digital assets, SharpLink Gaming has announced the acquisition of approximately 9,468 ETH for roughly $22.8 million between June 23 and June 30, 2025. This latest purchase brings the company’s total Ethereum holdings to 198,167 ETH, further solidifying its reputation as the so-called “MicroStrategy of Ethereum.”
The acquisition was made at an average price of $2,411 per ETH, reflecting a calculated entry point amid evolving market conditions. With this move, SharpLink continues to double down on Ethereum as a core component of its long-term treasury strategy.
"NEW: At SharpLink, we have increased our total ETH holdings to 198,167. Between June 23rd and June 30th, we've acquired ~9,468 ETH for ~$22.8M at an average price of ~$2,411 per ETH."
— SharpLink Gaming (@SharpLinkGaming), July 1, 2025
Strategic Capital Allocation and ATM Financing
Alongside the Ethereum purchase, SharpLink revealed it raised an additional $24.4 million through its At-The-Market (ATM) equity offering program, selling approximately 2.5 million shares. The funds will primarily support further ETH acquisitions and ongoing operations.
This financing mechanism allows the company to raise capital incrementally without significantly disrupting the market, enabling a sustainable approach to asset accumulation. By aligning equity issuance with favorable market windows, SharpLink aims to maintain financial flexibility while steadily increasing its digital asset reserves.
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Full Staking Implementation and Yield Generation
As of June 30, 2025, all of SharpLink’s Ethereum holdings are now fully staked, marking a critical milestone in its yield-generating strategy. Since initiating staking on June 2, the company has earned approximately 222 ETH in staking rewards, demonstrating the compounding potential of proof-of-stake economics.
Staking not only enhances shareholder value through passive income but also strengthens network security and decentralization—aligning with Ethereum’s broader ecosystem goals. For SharpLink, this dual benefit supports both financial performance and technological conviction.
Joseph Lubin, Chairman of SharpLink Gaming and co-founder of Ethereum, emphasized the transformative role of digital assets:
“We are entering a new era where assets like Ethereum are no longer speculative instruments—they are rapidly becoming strategic currencies in the modern digital economy. By placing Ethereum at the core of our capital strategy, we’re not just optimizing SharpLink’s balance sheet; we’re positioning the company at the forefront of global digital commerce.”
Strengthening Investor Relations with Elevate IR
To better communicate its vision and growth trajectory, SharpLink has appointed Elevate IR, a leading investor relations and capital markets advisory firm, as its official IR partner. This collaboration will focus on crafting and executing a comprehensive investor outreach strategy tailored to the company’s evolving priorities.
Rob Phythian, CEO of SharpLink Gaming, highlighted the importance of clear communication:
“Ethereum is more than a financial asset—it’s the foundational infrastructure for next-generation capital management and online gaming. Partnering with experienced firms like Elevate IR ensures our story, strategy, and shareholder value proposition are clearly conveyed to all stakeholders.”
This move signals SharpLink’s commitment to transparency and institutional-grade governance as it scales its blockchain-integrated business model.
Market Reaction: SBET Stock Remains Under Pressure
Despite aggressive treasury expansion and strategic developments, SharpLink’s stock (SBET) has yet to reflect strong investor sentiment. As of early July 2025, SBET trades around $9.69**, with a market capitalization of approximately **$615 million. On July 1, the stock dipped by 2.57% during after-hours trading.
This muted response mirrors earlier patterns seen when other public companies first adopted Bitcoin or Ethereum—initial skepticism often precedes broader market recognition. Analysts suggest that while balance sheet transformation takes time to be priced in, long-term value creation hinges on sustained execution and macroeconomic tailwinds.
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Why SharpLink’s Ethereum Strategy Matters
SharpLink’s approach represents a paradigm shift in how public companies can leverage blockchain technology:
- Balance Sheet Innovation: Converting fiat-equivalent equity proceeds into appreciating digital assets.
- Yield Optimization: Generating returns via staking, enhancing capital efficiency.
- Strategic Alignment: Basing infrastructure decisions on belief in decentralized systems.
With nearly 200,000 ETH now secured and actively contributing to network consensus, SharpLink is not just holding—it’s participating.
Core Keywords:
- Ethereum investment
- Corporate treasury strategy
- Staking rewards
- Public company crypto holdings
- Digital asset adoption
- Blockchain infrastructure
- Institutional crypto adoption
- ETH price outlook
Frequently Asked Questions (FAQ)
Q: How much Ethereum does SharpLink Gaming currently hold?
A: As of June 30, 2025, SharpLink Gaming holds 198,167 ETH, following its recent purchase of 9,468 ETH for $22.8 million.
Q: Is SharpLink Gaming staking its Ethereum?
A: Yes. All of SharpLink’s Ethereum holdings are fully staked as of June 30, generating yield through proof-of-stake rewards. The company has earned approximately 222 ETH in staking rewards since June 2.
Q: How did SharpLink fund its latest ETH purchase?
A: The company funded the acquisition using proceeds from its At-The-Market (ATM) program, which raised about $24.4 million by selling 2.5 million shares.
Q: Why is SharpLink called the 'MicroStrategy of Ethereum'?
A: Like MicroStrategy’s large-scale Bitcoin accumulation, SharpLink is pioneering a similar corporate strategy focused entirely on Ethereum—making it one of the most prominent public advocates for ETH as a treasury reserve asset.
Q: Has SBET stock risen after the ETH purchase announcement?
A: No significant rebound has occurred yet. SBET traded at $9.69 post-announcement, down 2.57% on July 1, indicating that market recognition may lag behind strategic execution.
Q: What is the significance of hiring Elevate IR?
A: Elevate IR will help sharpen SharpLink’s investor messaging, improve market visibility, and strengthen relationships with institutional investors—key steps as it scales its blockchain-centric business model.
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