- SharpLink purchases $100M in ETH amidst market correction.
- Record ETH acquisition among publicly traded firms.
- Enhanced staking returns and influence on Ethereum network.
SharpLink Gaming, Inc., led by Ethereum Co-Founder Joseph Lubin, recently acquired over $100 million in ETH during a market correction, bolstering its position as the largest public ETH treasury holder.
SharpLink’s move emphasizes Ethereum’s growing institutional relevance, potentially impacting its decentralization. Market responses remain speculative, as other major entities may follow suit amid evolving crypto landscapes.
SharpLink Gaming, Inc. acquired over $100 million in ETH, marking a significant move during the ongoing market correction. This makes SharpLink the largest publicly traded company embracing ETH as its primary treasury reserve.
The acquisition saw SharpLink purchasing 30,755 ETH for $108.57 million USDC and an additional 11,259 ETH for $43.09 million USDC. The transactions were influenced by Chairman Joseph Lubin, Co-Founder of Ethereum.
This acquisition significantly impacts Ethereum’s market dynamics. By increasing their Ethereum holdings to 480,031 ETH, SharpLink strengthens its position as a major player in ETH corporate treasuries.
These actions reflect an important shift in institutional investing strategies, emphasizing the growing role of ETH in corporate reserves. It also highlights increased involvement from traditional financial markets.
SharpLink’s strategic purchases enable them to reap enhanced staking rewards. As of late July 2025, they reported 722 ETH earned via staking.
This shift could influence Ethereum’s governance and validator ecosystem, given the increased corporate participation. Historical comparisons draw parallels to MicroStrategy’s Bitcoin accumulation, albeit focusing on ETH’s unique staking capabilities. Joseph Lubin, Chairman, SharpLink, stated, “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.”
