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NFT Gaming

Ethereum Treasury SharpLink Adds $252 Million in ETH to Holdings

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In brief

  • SharpLink Gaming added around $250 million in Ethereum to its treasury last week.
  • The firm now holds nearly 800,000 ETH valued around $3.6 billion.
  • Myriad predictors are split as to whether or not the firm will reach its goal of 1 million ETH by mid-September.

Gambling marketer turned Ethereum treasury company SharpLink Gaming boosted its ETH holdings last week, adding around $252 million in Ethereum to its stash, the firm announced Tuesday. 

SharpLink added 55,463 ETH at an average price of $4,462, the firm said. The additions bring its total haul to 797,704 ETH valued at $3.6 billion based on the current price of Ethereum.

“Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision and the commitment of our team,” said SharpLink co-CEO Joseph Shalom in a statement. 

“With nearly 800,000 ETH now in reserve and strong liquidity available for further ETH acquisitions,” he added, “our focus on building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem remains unwavering.”

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

The Minneapolis-based firm raised around $360 million via its at-the-money facility last week to buy Ethereum and maintains around $200 million in cash to buy ETH, according to its statement.

SharpLink is among a handful of Ethereum treasury companies racing to gobble up the second largest crypto asset, now holding around 0.61% of the total ETH supply and only trailing Tom Lee’s BitMine Immersion Technologies among publicly traded firms. BitMine holds more than double the amount of ETH as SharpLink, with about $7.7 billion worth as present.

The firm has publicly stated a goal of acquiring 1 million ETH as its first major milestone, a goal which is around 79% completed as of Tuesday morning. In a Myriad market on Linea, 54% of respondents believe that SBET will reach this goal by September 16. Those odds have dropped 13% in the past 24 hours, despite the recent ETH purchases.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Shares of SBET have jumped about 1% on Tuesday to change hands at $19.35. The firm’s stock has sunk more than 7% over the past month, despite Ethereum’s 19% gain for the same period.

ETH was trading at $4,520, down more than 2% over the past 24 hours, although it hit a record high above $4,900 over the weekend. The second-largest asset by market value has benefited from the rise of treasuries and exchange-traded funds focused on the asset. 

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NFT Gaming

SharpLink (SBET) to Commence $1.5B Stock Buyback Program

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Ether treasury firm SharpLink Gaming (SBET) has authorized a stock purchase program of up to $1.5 billion.

SharpLink, which is helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, said it will make the repurchases at a time and in amounts that depend on market conditions and share price in an announcement on Friday.

“Should there exist periods where our stock trades at or below the net asset value of our ETH holdings, it would be dilutive on an ETH per share basis to issue new equity through our capital raising efforts,” co-CEO Joseph Chalom said in the announcement.

“In this scenario, the accretive course of action may be to repurchase our common stock.”

The Minneapolis-based company holds 740,760 ETH, worth $3.19 billion at current prices. Numerous companies have unveiled ether treasury strategies in recent months to capture the upside from generating passive yield through ETH staking.

SharpLink shares traded over 10% higher at $19.85 on Friday morning following the buyback program announcement and as bitcoin surged after Fed Chair Jerome Powell’s comments opened the door to a September rate cut.

Read more: Powell Puts September Rate Cut in Play; Bitcoin Pushes Higher



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Crypto Trends

Ethereum Treasury SharpLink to Buy Back Up to $1.5 Billion in Stock

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In brief

  • SharpLink Gaming unveiled $1.5 billion in potential stock buybacks.
  • The company traded at a slight premium to its Ethereum holdings.
  • SharpLink’s stock price surged more than 15% on Friday to $20.83.

SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm said in a blog post on Friday.

With a market cap of $3.5 billion, that would be almost half of the company’s value, but Co-Chief Executive Officer Joseph Chalom described the program as a potential resource for instances when the company’s shares trade a discount to its Ethereum holdings.

“In this scenario, the accretive course of action may be to repurchase our common stock,” he said in a statement. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves.”

SharpLink shares surged more than 15% on Friday to $20.87 amid a wider upturn in crypto-focused stocks, according to Yahoo Finance, as investors turned optimistic about the prospects of an interest rate cut following remarks by U.S. central bank Chair Jerome Powell. But SharpLink’s stock price has swooned 24% over the past month even as Ethereum has gained ground. 



Ethereum was recently changing hands at $4,813, jumping more than 13% over the past 24 hours, according to crypto data provider CoinGecko. Earlier Friday, ETH set a new record high of $4,879 before retreating. The asset’s price has increased about 35% over the past month.

Like most crypto treasury firms, SharpLink seeks to maximize shareholder value by growing the amount of Ethereum it owns per fully diluted share. When SharpLink shares trade at a premium to its crypto holdings, it can issue common stock to increase that ratio.

Strategy, formerly MicroStrategy, has used the tactic for years, but its premium has been substantially greater and existed far longer. On Friday, SharpLink had a so-called mNAV of 1.08, reflecting a slight premium, according to Ethereum Strategic Reserve.

SharpLink owned 740,000 ETH worth over $3.5 billion, as of Friday. Its corporate stash was around half the size of BitMine Immersion Technologies’, which owned 1.5 million ETH that were worth around $7.3 billion. 

In the press release, SharpLink noted that the timing and amount of shares repurchased under its newly approved program will depend on market conditions. It’s not obligated to purchase any shares whatsoever, and the initiative can be suspended at any time, it added.

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SharpLink Gaming Acquista143.593 Ethereum per Oltre 500 Milioni di Dollari
NFT Gaming

SharpLink Gaming Acquista143.593 Ethereum per Oltre 500 Milioni di Dollari

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

SharpLink Gaming (NASDAQ: SBET) continua ad accumulare Ethereum (ETH), rafforzando la sua posizione tra le società quotate con le più grandi riserve di criptovalute. Secondo l’ultimo aggiornamento, l’azienda ha acquistato 143.593 ETH nella settimana tra il 10 e il 17 agosto 2025, portando le sue riserve complessive oltre i 3 miliardi di dollari.

SharpLink Gaming amplia ancora il suo tesoro in ETH

In un comunicato ufficiale, la società con sede a Minneapolis ha confermato di aver finanziato l’operazione attraverso 537 milioni di dollari di proventi netti raccolti nello stesso periodo.

  • 390 milioni di dollari sono stati raccolti tramite un’offerta diretta registrata, conclusasi l’11 agosto.
  • Altri 146 milioni di dollari sono stati generati tramite la sua struttura ATM (at-the-market).

L’acquisto è stato effettuato a un prezzo medio di 4.648 $ per ETH, circa l’8% superiore rispetto al prezzo di mercato attuale. Con questa operazione, le riserve totali di SharpLink Gaming sono salite a 740.760 ETH.

Dal lancio della sua strategia di tesoreria lo scorso 2 giugno, la società ha già accumulato 1.388 ETH in ricompense di staking. Inoltre, mantiene ancora 84 milioni di dollari di liquidità pronti per ulteriori acquisizioni di Ethereum.

BitMine resta il leader assoluto per riserve in ETH

Nonostante le dimensioni delle riserve, SharpLink Gaming rimane dietro a BitMine Immersion Technologies, attualmente il più grande gestore di tesoreria in ETH al mondo e il secondo più grande detentore di criptovalute a livello globale.

Al 18 agosto 2025, BitMine possiede oltre 1,5 milioni di ETH, per un valore superiore a 6,6 miliardi di dollari, acquistati a un prezzo medio di 4.326 $ per unità. La società ha sottolineato il ruolo cruciale del GENIUS Act e del progetto SEC Project Crypto come sviluppi normativi chiave per il settore degli asset digitali nel 2025.

L’importanza delle regolamentazioni favorevoli

Il GENIUS Act rappresenta la prima legge statunitense che regola gli stablecoin, imponendo che siano interamente garantiti da asset liquidi e soggetti ad audit. Inoltre, in caso di fallimento, gli holder di stablecoin hanno priorità assoluta sui rimborsi.

Il Project Crypto, invece, è l’iniziativa della SEC volta a modernizzare le regole sui digital asset, introducendo:

  • classificazioni più chiare,
  • standard di custodia aggiornati,
  • incentivi alla creazione di mercati tokenizzati e di super-app con licenza unica per i servizi crypto.

Questi sviluppi normativi hanno ridotto l’incertezza legale e incoraggiato la partecipazione istituzionale, aumentando la fiducia degli investitori in Ethereum e nell’intero mercato crypto.

Fluttuazioni sul prezzo di Ethereum

Nonostante il quadro regolatorio più favorevole e l’accumulo da parte di società quotate, ETH resta soggetto a fluttuazioni di breve termine. Dati recenti mostrano infatti che diversi hedge fund stanno aprendo posizioni short sul token.

Al momento della stesura, Ethereum viene scambiato a 4.195 $, in calo dell’1,6% nelle ultime 24 ore. Gli analisti ritengono comunque che, dopo la fase di volatilità, ETH possa riprendere il suo trend rialzista e puntare a nuovi massimi storici.

FONTE: TRADING VIEW

 

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