SharpLink has officially emerged as the largest corporate holder of Ethereum after making a significant acquisition of the asset. The publicly traded company has expanded its ETH position significantly, taking the lead among corporate Ethereum holders following a sizable purchase worth $213 million.
According to data shared by @SharpLinkGaming, the company acquired approximately 74,656 ETH between July 7 and July 13 at an average price of $2,852. This recent accumulation brings its total Ethereum holdings to 280,706 ETH, now valued at over $836 million. With this move, SharpLink has surpassed other entities in Ethereum reserves and now controls the highest volume among corporate holders.
Moreover, SharpLink has staked 99.7% of its ETH holdings, signaling a strong commitment to the Ethereum network. Since early June, the staked assets have generated nearly 415 ETH, equivalent to $51.82 million in earned yield. This strategic stake has helped the company further increase its revenue from the asset.
Strategic Shift Positions SharpLink as Ethereum-First Corporate Treasury
The move is part of SharpLink’s broader shift into blockchain finance. In May, the company adopted Ethereum as its primary treasury reserve asset, marking a decisive break from its previous business model as a sportsbook marketing firm.
This transformation was supported through a $425 million capital raise, structured in partnership with Ethereum development firm Consensys. As noted by Ethereum co-founder Joseph Lubin, the company’s long-term strategy mirrors that of early Bitcoin corporate adopters, such as MicroStrategy’s BTC approach under Michael Saylor.
ETH concentration within SharpLink’s portfolio has increased by 23% since mid-June. With the majority of assets now earning staking rewards, the company is positioning itself to benefit from Ethereum’s long-term growth while reducing idle capital exposure.
SharpLink’s aggressive accumulation strategy is drawing attention across the crypto industry, particularly as it positions itself as a model for Ethereum-focused treasury adoption. The company has not ruled out further purchases in the future.
Conclusion
SharpLink’s latest Ethereum acquisition cements its position as the largest corporate ETH holder. With nearly all holdings staked, the company has aligned its treasury model around Ethereum’s growth and yield potential.
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