SharpLink Gaming has emerged as one of the world’s largest corporate holders of Ethereum, now possessing 521,939 ETH in its treasury. As of August 5, 2025, the firm’s Ethereum holdings are worth approximately $1.91 billion, with its aggressive accumulation strategy putting it within striking distance of the $2 billion milestone.
The company revealed that it purchased an additional 83,561 ETH between July 28 and August 3, spending $264.5 million at an average price of $3,634 per ETH. This follows an earlier acquisition of 30,755 ETH over the weekend for $108.57 million, and a $295 million purchase of 77,210 ETH the previous week.
The scale of SharpLink’s ETH accumulation is notable, it exceeded Ethereum’s net issuance over the past 30 days (72,795 ETH), indicating the firm is not merely following market trends but helping shape them.
100% of ETH Treasury Staked
SharpLink isn’t just buying ETH, it’s putting its digital assets to work. According to the company, 100% of its ETH treasury is staked, enabling it to earn consistent rewards via Ethereum’s proof-of-stake consensus mechanism.
Cumulative staking rewards have already reached 929 ETH, adding further value to the firm’s long-term strategy. The company noted that its ETH-per-share has risen to 3.66, up from 3.40 just a week prior, a climb of 83% since SharpLink initiated its Ethereum strategy on June 2.
This staking-first approach reflects a broader trend in Ethereum’s evolution as an income-generating, institutional-grade asset, distinguishing it from Bitcoin’s passive store-of-value model.
New Leadership to Drive Global Ethereum Integration
Alongside its bullish ETH accumulation, SharpLink is also making strategic leadership changes to align its corporate vision with Ethereum’s long-term promise. On July 25, the company named Joseph Chalom as co-CEO. Chalom brings over 20 years of experience from BlackRock, where he held senior roles in institutional strategy.
Chalom’s appointment marks a key turning point in SharpLink’s aim to “bring Ethereum to the center of global finance,” according to a statement from the company on X (formerly Twitter).
The move follows SharpLink’s earlier decision in May to appoint Joseph Lubin, Ethereum co-founder and CEO of Consensys, as Chairman of the Board. Lubin has been vocal in endorsing SharpLink’s ETH-centric treasury strategy, describing it as “a strategic and enduring commitment” to Ethereum’s decentralisation and future role in finance.
“As Ethereum enters a new era of institutional relevance, we are proud to support its long-term strength and decentralisation mission,” Lubin said.
Ethereum Overtakes Bitcoin in Corporate Strategies
SharpLink isn’t alone in this institutional pivot toward Ethereum. In early July, Bit Digital, a firm previously focused on Bitcoin, announced it had sold 280 BTC and used the proceeds, along with funds from a public offering, to purchase over 100,000 ETH.
“We are not new to Ethereum, nor to our conviction in its opportunity,” Bit Digital said in a statement.
The Ethereum ecosystem continues to attract attention from legacy finance giants such as BlackRock, Franklin Templeton, and PayPal, all of whom are building products on the Ethereum blockchain. This momentum is partly fueled by speculation that the U.S. Securities and Exchange Commission (SEC) may soon approve Ethereum ETFs with staking rewards, allowing institutional investors to earn yield similarly to how SharpLink is operating today.
In addition, Ethereum has firmly established itself as the leading blockchain for tokenized real-world assets (RWAs). Currently, more than $7 billion worth of U.S. Treasuries, equities, and other traditional assets are tokenised and hosted on Ethereum’s infrastructure.
Ethereum: The Financial Internet?
While Bitcoin continues to hold its ground as “digital gold,” Ethereum is rapidly evolving into a high-growth platform for protocol-native finance. SharpLink’s strategy is a clear signal that Ethereum is being viewed not just as a crypto asset, but as the foundation for future financial systems.
By integrating staking, strategic hires, and consistent ETH accumulation, SharpLink is shaping a new model for institutional participation in decentralised ecosystems. As Joseph Lubin noted, this may be “the start of something bigger” a framework for how mission-driven organisations can actively contribute to decentralisation while building long-term value.
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