SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury

The previous gaming agency introduced on Tuesday that it now holds 521,939 ETH value near $1.9 billion at present market worth.

Joe Lubin’s Ether treasury agency acquired 83,561 ETH for $264.5 million at a mean worth of $3,634 between July 28 and August 3.

SharpLink said that its ETH-per-share is now 3.66, up from 3.40 final week, and has elevated 83% because it started the technique on June 2.

Moreover, its complete stash is staked and has earned 929 ETH value greater than $3.3 million in cumulative staking rewards to date.

Ether Treasuries Rising

SharpLink has focused 1 million ETH for its first treasury milestone and is already over midway there.

1,000,000 ETH is our first milestone

The primary of many

We’re midway there

Speed up pic.twitter.com/AKrG1GQxta

— SharpLink (SBET) (@SharpLinkGaming) August 5, 2025

Lubin described ten years of uptime for Ethereum as a “mainstream second,” including that it’s about to “break by means of into mainstream tradition,” as a consequence of world laws and monetary establishments “getting very severe” about constructing on the know-how.

“Stablecoins and Ether treasury firms are bringing Wall Avenue, or TradFi, onto DeFi so quickly it’ll simply be known as ‘finance’.”

Regardless of its aggressive accumulation of Ether, SharpLink will not be the most important ETH treasury firm, as that accolade goes to Bitmain Immersion Applied sciences. The Tom Lee-chaired agency holds 833,100 ETH value nearly $3 billion, according to EthStrategicReserve.

Talking on the Natalie Brunell podcast on Tuesday, Lee said there was no battle between Bitcoin treasuries and Ethereum treasuries as a result of they have been each scarce (evaluating them to Tesla and Palantir shares).

The primary “killer app” for crypto has emerged and is seeing widespread adoption, and that’s stablecoins, he mentioned. Wall Street is working to tokenize its complete system on the blockchain, and it requires good contracts, he mentioned earlier than including:

“The most important and most safe blockchain with no downtime is Ethereum, and it’s legally compliant.”

The highest three Ethereum treasury corporations now maintain 1.7 billion ETH, which equates to round 1.4% of the entire provide.

ETH Worth Outlook

ETH costs have taken a 2% hit on the day as crypto markets proceed to chill off after July’s huge rally.

The asset had dipped to $3,575 in the course of the Wednesday morning Asian buying and selling session however remained inside its three-week range-bound buying and selling channel. Nevertheless, a fall under $3,400 may see this momentum misplaced and a bigger correction ensue.