One of the world’s largest corporate holders of Ether (ETH), SharpLink Gaming, announced that its ETH treasury has exceeded $3.5 billion valuation. The company achieved the milestone after it spent $252.25 million in acquiring 56,533 ETH during the week of August 18–24, 2025.
NEW: SharpLink acquired 56,533 ETH at ~$4,462. As of 8/26/2025 we hold 797,704 ETH valued at ~$3.7B
Key Highlights for the Week Ending August 24, 2025:
• $360.9M in net proceeds were raised through the ATM facility this past week.
• Total staking rewards rose to 1,799 ETH… pic.twitter.com/Kb4AKulf6f— SharpLink (SBET) (@SharpLinkGaming) August 26, 2025
SharpLink’s Ether Holdings Grow
Since launching its treasury strategy on June 2, 2025, SharpLink has steadily increased its Ether holdings. Official disclosure from the firm via its press releases reveals that it has also accumulated 1,799 ETH in staking rewards.
The company executed its latest Ether at an average purchase price of $4,462 per coin, adding to the company’s balance sheet. As a result, its crypto holdings climbed to a total of 797,704 ETH, valued at about $3.7 billion. Commenting on the ETH purchase strategy, Joseph Chalom, Co-Chief Executive Officer of the firm, noted that the company remains focused. He said:
“Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision and the commitment of our team. With nearly 800,000 ETH now in reserve and strong liquidity available for further ETH acquisitions, our focus on building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem remains unwavering.”
Plan to Buy More ETH
The company also disclosed that it raised $360.9 million through its At-the-Market (ATM) facility during last week, issuing 18.6 million shares to bolster ETH purchases. With $200 million still in cash reserves, SharpLink claims it has no intention of slowing down its accumulation of Ether. Instead, it has dedicated the fund solely to future Ether acquisitions.
In addition, the board approved a $1.5 billion stock buyback plan on August 18, hinting at confidence in both the company’s equity performance and its ETH-focused treasury strategy. Interestingly, SharpLink’s new metric, “ETH Concentration,” has surged over 100% since June.
Meanwhile, Trump Media and Crypto.com are partnering to launch a $6.42 billion Cronos (CRO) treasury. The plan includes acquiring $1 billion worth of CRO tokens, securing $200 million in cash, $220 million in mandatory-exercise warrants, and a $5 billion equity line of credit. If executed, it will mark the largest corporate CRO accumulation ever.
Find Cryptocurrencies to Watch and Read Crypto News on the Go Follow CryptosToWatch on X (Twitter) Now
