Tag:

SharpLink

Wormhole's W token enters 'value accrual' phase with strategic reserve
NFT Gaming

SharpLink to tokenize Nasdaq-listed SBET shares on Ethereum

by admin



SharpLink is set to become the first public company to issue its Nasdaq-listed SBET shares natively on Ethereum, appointing Superstate as digital transfer agent to oversee compliant onchain issuance.

Summary

  • SharpLink plans to tokenize its Nasdaq-listed SBET shares directly on Ethereum.
  • Superstate’s Opening Bell platform will manage compliant onchain issuance.
  • The partnership extends beyond issuance, exploring AMM-based trading of tokenized equity.

In an announcement on Sept. 25, SharpLink Gaming, Inc. said it will tokenize its SEC-registered common stock directly on the Ethereum blockchain, appointing financial technology firm Superstate as its Digital Transfer Agent.

The partnership will utilize Superstate’s ‘Opening Bell’ platform for the issuance. The Minneapolis-based company, chaired by Ethereum co-founder Joseph Lubin, stated the move is intended to demonstrate how blockchain infrastructure can create shareholder value and improve market efficiency.

“Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement – it is a statement about where we believe the future of the global capital markets is headed. At SharpLink, our core mission is two-fold: to build the world’s most trusted digital asset treasury and to pursue initiatives that accelerate the global adoption of the Ethereum network.” Lubin said.

Beyond issuance: exploring AMMs and compliant secondary markets

The partnership’s ambitions extend far beyond a simple onchain issuance. SharpLink and Superstate intend to explore one of the most complex frontiers in digital finance: enabling compliant secondary trading of tokenized equity on automated market makers and other DeFi protocols.

This initiative aligns with the SEC’s Project Crypto, a regulatory framework designed to accommodate blockchain-based markets. The goal is to demonstrate how tokenized securities can unlock deeper liquidity and operate within a modernized capital market structure.

If realized, this effort could reposition SharpLink’s tokenized equity and future issuances via Superstate’s Opening Bell as instruments with broader utility than traditional book-entry stock. Trading on AMMs would represent a structural shift in how liquidity forms around public equities, potentially enabling real-time settlement, global investor access, and transparent price discovery in a way conventional exchanges cannot match.

Notably, the partnership with Superstate is a strategic extension of SharpLink’s deep commitment to Ethereum. With Lubin at the helm, the company has aggressively positioned itself as a corporate leader in the Ethereum ecosystem, having launched a significant ETH treasury strategy earlier this year.

Investors have so far met the news with caution. SharpLink’s SBET stock traded down 7.63% on Thursday, settling at $16.26 after opening the session at $16.33 and closing the previous day at $17.58. The drop mirrors a wider pullback across crypto markets but also underscores how experimental the path ahead remains.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Sharplink Teams With Superstate To Launch Tokenized Sbet Stock
Crypto Trends

SharpLink Teams with Superstate to Launch Tokenized SBET Stock

by admin



SharpLink Gaming has announced plans to tokenize its U.S. Securities and Exchange Commission (SEC)-registered common stock on the Ethereum blockchain. The company, one of the world’s largest corporate holders of Ether (ETH), will partner with financial technology firm Superstate through its Opening Bell platform. 

As per the announcement, the partnership will allow SharpLink shareholders to hold $SBET shares natively on Ethereum. Besides, it prepares for future trading of tokenized equities on Automated Market Makers (AMMs) and other decentralized finance (DeFi) protocols. 

“Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement,” said SharpLink Co-CEO Joseph Chalom. “We are embarking on entirely new frontiers for how compliant, tokenized public equities could one day trade seamlessly through AMMs.” 

In its post, the company highlighted, saying, “SharpLink will become the first public company to do so.” The partnership aims to explore how tokenized public equities could eventually trade on Automated Market Makers (AMMs) and other DeFi protocols in a compliant manner.

NEW: SharpLink is partnering with Superstate to issue tokenized $SBET shares directly on the Ethereum blockchain.

SharpLink will become the first public company to do so.

Together, we’ll work to advance how tokenized public equities can one day trade on Automated Market Makers… pic.twitter.com/gZS7w68VKf

— SharpLink (SBET) (@SharpLinkGaming) September 25, 2025

The company added, “SharpLink has always been Ethereum-aligned. This step reinforces our mission to advance the Ethereum ecosystem and modernize capital markets.”

Driving ETH-aligned innovation

Additionally, SharpLink’s Chairman Joseph Lubin, who is also the Co-Founder of Ethereum and CEO of Consensys, emphasized the company’s mission. “We’re proud to have been the first public company to become a Digital Asset Treasury company on Ethereum,” Lubin stated. 

He added that the update supports SharpLink’s belief that Ethereum will serve as the foundation for the next generation of financial infrastructure.

Superstate CEO Robert Leshner praised the collaboration, calling it a landmark for Ethereum-based tokenization. Launched in 2025, Superstate’s Opening Bell platform helps companies turn their stocks into digital tokens. It keeps everything fully legal while letting investors safely hold shares on the blockchain and use them with DeFi apps.

Expanding ETH treasury holdings

SharpLink has aggressively expanded its ETH holdings since launching its treasury strategy in June 2025. Consequently, the company now owns over 838,000 ETH and has earned 3,815 ETH in staking rewards as of late September. This positions SharpLink among the largest corporate Ethereum holders worldwide.

SharpLink’s stock reacted with a 3.35% rise to $17.58 during normal trading but slipped to $16.21 pre-market, down 7.79%, according to Yahoo Finance.

SharpLink putting its shares on Ethereum shows a blend of traditional finance and crypto. It marks Ethereum’s rise and could make trading stocks faster, simpler, and fully legal for investors.

Also Read: Fusaka’s PeerDAS is Key to Ethereum Scaling: Vitalik Buterin





Source link

0 comments
0 FacebookTwitterPinterestEmail
Sharplink Buys Back 1M Shares As Its Eth Treasury Expand
GameFi Guides

SharpLink Buys Back 1M Shares as its ETH Treasury Expand

by admin



Ethereum treasury company SharpLink Gaming (NASDAQ: SBET), shared today that it bought back one million shares of its own stock at an average price of $16.67 as part of its ongoing $1.5 billion buyback program. 

The Minneapolis-based firm has now bought back around 1.93 million shares, spending nearly $32 million since the initiative was approved in August, according to the release.

SharpLink said its treasury has expanded to 838,152 ETH, valued at approximately $3.7 billion based on current prices. This total includes 922 ETH added since August 31 and 3,240 ETH earned from staking since June, equal to about $14.4 million. The company stakes nearly all of its holdings and emphasized that it carries no debt. 

“We continue to be focused on stockholder value,” co-CEO Joseph Chalom said in the press release. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

But despite this, the price of the company’s shares has dropped briefly by 0.86% to $16.65 today, adding to a drop of more than 19% over the past month.

The company disclosed its first buyback on September 9 and said it will only purchase shares when its net asset value (NAV) falls below 1, which it considers a signal of being undervalued. Its current NAV stands at 0.91x, which shows that the stock price is underperforming compared to the Ethereum it holds. 

“The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions,” SharpLink said.

SharpLink is the second-largest Ethereum treasury among publicly traded firms, behind BitMine Immersion Technologies, which holds more than 2.1 million ETH valued at about $9.3 billion. 

The repurchase program is funded with cash on hand, income from staking, and other financing options. Other firms are also moving in a similar direction. For instance, Ethereum treasury ETHZilla authorized a $250 million buyback in August, while Bitcoin treasury firm Strive announced a $500 million repurchase plan earlier this week.

Also Read: Binance Token BNB Reaches $957 All-Time High. $1000 Next?



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

SharpLink Buys Back 1 Million Shares as Ethereum Treasury Sits at $3.8 Billion

by admin



In brief

  • SharpLink repurchased 1 million shares of SBET at an average price of $16.67.
  • The firm has now used around $32 million of its $1.5 billion stock buyback program, buying back around 1.93 million shares.
  • Shares of SBET are down 2.62% in the last 24 hours, now changing hands at $16.33.

Ethereum treasury firm SharpLink Gaming continued its share buybacks, repurchasing one million shares of SBET at an average price of $16.67 while its ETH holdings expanded modestly, the firm announced on Tuesday. 

The Minneapolis, Minnesota-based firm has now repurchased 1.93 million shares of SBET in the last two weeks, using nearly $32 million of the $1.5 billion it approved for a share repurchase program in August. 

Meanwhile, it has added just 922 ETH or around $4.1 million to its treasury, since August 31. 



“We continue to be focused on stockholder value,” said Sharplink co-CEO Joseph Chalom in a statement. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

The firm’s market cap is currently trading below its net asset value of Ethereum holdings, according to its Ethereum dashboard—a situation in which Chalom previously indicated it would seek to repurchase its common stock. 

“The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions,” the firm said in Tuesday’s announcement. 

Shares of SharpLink (SBET) were down around 2.6% since the opening bell on Tuesday, changing hands for $16.33. SBET has fallen more than 19% in the last month, underperforming ETH which has dropped just 2.2% in that time. 

The gambling marketer turned Ethereum treasury has amassed the second largest publicly traded ETH treasury thus far.

It currently holds 838,152 ETH valued at around $3.7 billion based on ETH’s current price of $4,448. Only BitMine Immersion Technologies holds more, boasting greater than 2.1 million ETH valued at around $9.3 billion.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
SharpLink Transfers 379M USDC To Galaxy Digital: Ethereum Buy Incoming?
NFT Gaming

SharpLink Transfers 379M USDC To Galaxy Digital: Ethereum Buy Incoming?

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Transfers to Galaxy Digital | Source: Lookonchain

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

SharpLink Weekly Ethereum and Capital Summary | Source: SharpLink

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

ETH testing local supply | Source: ETHUSDT chart on TradingView

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Ethereum Treasury SharpLink Kicks Off $1.5 Billion Stock Buyback

by admin



In brief

  • SharpLink Gaming began buying back shares of SBET as part of its $1.5 billion share buyback program.
  • The firm repurchased 930,000 shares at an average price of $15.98 for around $15 million worth of SBET shares.
  • SBET shares jumped 4.4%, but have fallen more than 31% on the month.

Ethereum treasury SharpLink Gaming began using its $1.5 billion stock buyback program, starting with the purchase of $15 million worth of SBET shares, the firm announced on Tuesday.

The Minneapolis, Minnesota-based firm authorized the program in August, but this is the first time its repurchased shares, grabbing 930,000 common shares at an average price of $15.98. 

“Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” said SharpLink Co-CEO Joseph Chalom in a statement. 

“With a robust balance sheet, zero debt and a powerful ETH treasury generating income, we are in a position of strength. We believe the market currently undervalues our business, and rather than issue equity while trading below NAV, we are focused on disciplined capital allocation – including share repurchases – to increase stockholder value.” 



The firm maintains the second largest publicly traded Ethereum treasury with 837,230 ETH valued at around $3.6 billion, yet shares of SBET trade at only a $3.14 billion market cap according to data from Yahoo Finance. 

When these conditions are present, Chalom said “ the accretive course of action may be to repurchase our common stock,” when the firm announced the plan in August. 

Shares of SBET jumped around 4.6% on Tuesday amid the announcement, changing hands at $16.40. However, shares have greatly underperformed the firm’s treasury asset in the last month. 

During that time, shares have declined by 31% while ETH has gained 2.2%. 

Last week, SharpLink added more than $176 million in ETH to its treasury, bolstering its holdings to their current state. The firm, which stakes nearly all of its Ethereum to generate revenue, recently told Decrypt it would explore doing so on Ethereum layer-2 network, Linea. 

The firm serves on the Linea Consortium, a group of Ethereum-aligned entities which are tasked with distributing the bulk of the LINEA tokens to ecosystem participants. 

Decrypt’s reached out to SharpLink for comment. 

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Ethereum
NFT Gaming

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

SharpLink is weighing a bold move that could reshape how corporations manage digital assets. Presently, the company is exploring the option of staking a portion of its Ethereum on the Linea network.

What Staking Ethereum Means For SharpLink

SharpLink Gaming (NASDAQ: SBET), one of the largest Ethereum treasury firms, is taking a step into the future of decentralized finance, with plans to stake a portion of its massive $3.6 billion ETH treasury on the Linea layer-2 network. 

According to Co-CEO Joseph Chalom, this strategic decision will help diversify the company’s staking strategy while actively contributing to the growth of the Ethereum ecosystem. By choosing to explore staking on Linea, the company is signaling a strong belief in ETH scaling solutions, which comes as Linea prepares for its official mainnet launch on September 10.

The company has also joined the Linea Consortium, which oversees the distribution of 75% of the LINEA token supply. This strategic alliance helps SharpLink advance its own financial goals and also positions it as a key partner in the long-term development and governance of the Linea network.

In an X post, SharpLink Gaming makes a clear statement that the company is fully compliant with Nasdaq rules and does not require further shareholder approvals to execute its At-the-Market (ATM) program for funding Ethereum purchases.

SharpLink’s core strategy remains focused on raising capital only when it is accretive for shareholders, which adds to the value of the company’s stock. Recent media reports have suggested that some Digital Asset Trust (DAT) companies may need shareholder approval before issuing new shares to fund crypto acquisitions.

However, these reports likely reference newer DATs that may face challenges meeting Nasdaq requirements or are under increased regulatory scrutiny. SharpLink maintains a rigorous commitment to compliance and transparency, ensuring all its transactions are conducted in accordance with Nasdaq rules and industry best practices.

Institutional Inflows Fuel Ethereum Momentum

The Ethereum narrative has shifted from a speculative play to a deeply convictional institutional bet. Amid this shift, CryptoBusy has revealed that Ethereum has seen a massive price surge of nearly 200% since April, driven by a confluence of powerful on-chain and institutional forces.

According to recent data, Whales have added 5.54 million ETH to their holdings, reinforcing confidence in Ethereum’s long-term potential. Institutional bets are intensifying, with BitMine $65 million ETH purchase, and other major players increasing their exposure. Meanwhile, $151 million of ETH has moved into Aave, showing robust demand within the DeFi ecosystem.

ETF inflows reached $3.87 billion in August alone, further strengthening ETH’s performance. These combined forces are building a solid structural floor under Ethereum, reinforcing market conviction and positioning ETH as a top-tier cyclical leader.

BTC trading at $4,302 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

by admin



In brief

  • SharpLink Gaming will explore staking part of its Ethereum holdings to the Linea network once it hits mainnet, as the firm looks to expand its yield-bearing opportunities.
  • Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, but this is set to change.
  • SharpLink has joined the Linea Consortium, a collective of companies committed to stewarding the LINEA token launch and driving the network’s success.

SharpLink Gaming plans to explore staking an undisclosed portion of its $3.6 billion Ethereum holdings on Ethereum layer-2 network Linea, once it hits mainnet on September 10.

Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, Anchorage and Coinbase. However, as the company matures, it will look to diversify the staking vehicles it utilizes as it seeks out higher-yield opportunities.

“When you hold billions of dollars of ETH and you’re looking at a portfolio of staking, there is going to be an ability to deploy that through staking opportunities on Linea,” Chalom told Decrypt. “And that is really, really important, not only to Consensys, but to the Linea Consortium. And if there are opportunities that SharpLink can avail itself of to get better yield, higher risk-adjusted yield through the Linea network, we will do that.”

“SharpLink has been staking our ETH after purchasing through a combination of native staking and liquid staking tokens,” he added. “As we expand our potential staking opportunities, we will be actively considering Linea-based staking opportunities.”

The co-CEO stressed the importance of driving real-world activity to “Ethereum-aligned” projects, Linea being one of those. He explained that by driving high-quality activity towards these kinds of projects, it should, in turn, also drive up the price of Ethereum—which is ultimately in the interest of SharpLink as one of the largest holders of ETH.



“When I say we’re here to support Ethereum, we’re here to support Ethereum and the L2s that derive from it,” he added. “So not only allocating tokens for Linea bootstrapping [as part of the Linea Consortium], but also [exploring] potential opportunities in staking and liquidity provision, given how much ETH we as a treasury want.”

Back in July, SharpLink joined the Linea Consortium—a group of companies that will steward 75% of the LINEA token distribution. Chalom said the Consortium is “mission-aligned” to make Linea a “highly successful” layer-2 network, adding that the token launch will “bootstrap” the network with more than 80% of the supply being used to support on-chain projects.

Consensys, the creator of Linea, is led by CEO Joe Lubin, who is also a co-founder of Ethereum and the chairman of SharpLink’s board of directors. As such, it’s only natural that Linea aims to support the Ethereum base layer through mechanics such as native yield on bridged ETH and ETH burns—a response to the narrative that layer-2 networks take value away from Ethereum’s mainnet.

(Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)

That said, exactly how much Ethereum the firm bridges over to Linea and in what capacity it will be used to generate yield has yet to be confirmed.

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

“We are, at this point, trying to figure out what is the optimal portfolio of staking, beyond just vanilla, native staking through custodians,” Chalom explained. “We’re also investors and staking liquidity providers to Liquid Collective, which is a liquid staking token. There are ways to drive more of the delegation to participants on the Linea network, even through native staking as well as liquid staking.”

“It’s early days. I’m not really comfortable sharing exactly what the plans are, because we’re trying to figure out the entire portfolio of staking,” he added. “Remember: The number-one thing an ETH treasury is supposed to do is preserve its capital. The second is to have that capital appreciate, and the third is to go along the risk spectrum and drive yield.”

At the time of writing, SharpLink’s entire treasury of $3.6 billion worth of Ethereum—or approximately 0.69% of the total supply—is being staked with its custodians. However, the firm is on the precipice of diversifying where and how it is using its Ethereum.

“We’re at a pivotal moment in terms of opportunities to stake, and we want to do it in a way that really, really is diversified,” Chalom explained. “So I think what you’ll find is we’re going to walk before we run, but our goal is to drive the highest yields on a risk-adjusted basis for our investors.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

0 comments
0 FacebookTwitterPinterestEmail
SEC Chairman Paul Atkins (Jesse Hamilton/CoinDesk)
NFT Gaming

Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal

by admin



The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.

According to CoinMarketCap, the ETH will amount to roughly $43 million at Tuesday’s prices.

“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF wrote in the post on X.

0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations.

Conversions will take place over multiple smaller orders, rather than as a single large transaction.

— Ethereum Foundation (@ethereumfndn) September 2, 2025

The news follows the EF’s rollout of a new treasury policy, shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.

The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.

Tuesday’s announcement comes as ETH price has skyrocketed, reaching an all-time high in late August at $4,866.

ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.

Read more: Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap





Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

Ethereum Treasury SharpLink Adds $176 Million in ETH to Holdings

by admin



In brief

  • SharpLink Gaming bought even more Ethereum last week, adding $176 million in ETH to its treasury.
  • The Nasdaq-listed firm pivoted its focus in May to accumulating ETH.
  • Ethereum hit a new all-time high price in August as a number of companies buy the asset.

Ethereum treasury SharpLink Gaming added over $176 million in ETH to its stash last week, the Nasdaq-listed company announced on Tuesday. 

The Minneapolis, Minnesota-based firm’s holdings have grown to 837,230 ETH, now worth nearly $3.6 billion after it bought 39,008 ETH between August 25 and August 31, it said. 

“We remain opportunistic in our capital raising initiatives and will continue to closely monitor market conditions to maximize shareholder value,” Joseph Chalom, co-CEO of SharpLink, said in a statement. 

NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B.

Key highlights for the week ending Aug 31st, 2025:

→ Raised $46.6M through the ATM facility
→ Added 39,008 ETH at ~$4,531 avg. price
→ Staking… pic.twitter.com/dy7x1Ux0NY

— SharpLink (SBET) (@SharpLinkGaming) September 2, 2025

Publicly traded SharpLink (SBET) was trading more than 5% lower on Tuesday at $16.89. SharpLink’s stock has shot up more than 400% since mid-May, when it was trading for less than $3 per share. 

The company in May first announced it would buy ETH via a $425 million private investment in public equity, or PIPE, offering led by blockchain technology firm Consensys and with participation from Galaxy Digital, ParaFi Capital, Ondo, and Pantera Capital. (Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)



Once a relatively obscure gambling marketing company, SharpLink in May pivoted to become a crypto treasury, following the model of Strategy—formerly MicroStrategy—which shifted from software development to buying Bitcoin in 2020 after years of struggling and low share prices.

Instead of buying Bitcoin, SharpLink opted for the second-biggest digital coin by market cap, Ethereum.

Myriad traders were previously optimistic that SharpLink would acquire 1 million ETH in total by September 16, but they’ve swung bearish after today’s acquisition. Now, only about 30% of users believe that SharpLink will hit that target, down sharply from about 57% on Monday evening. (Disclosure: Myriad is a product of Decrypt’s parent company, DASTAN.)

A number of publicly-traded companies have adopted the same model, buying prominent cryptocurrencies like Bitcoin, XRP, Solana, and BNB in an attempt to boost shareholder value. 

ETH was recently trading for about $4,300 per coin, down about 1% over a 24-hour period, according to crypto data provider CoinGecko. ETH is down about 5% over the past week amid a wider slump in crypto markets, although it is up more than 23% during the past month. 

Ethereum hit a new all-time high mark of $4,946 in August, breaking a 2021 record after remaining well below the previous mark while Bitcoin and other major coins surged to new highs in recent years.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Close