Sharplink Gaming Grows Ethereum Treasury to 188,478 ETH
Sharplink Gaming, a Nasdaq-listed company known more recently for its aggressive Ethereum accumulation, has just made headlines again. Between June 16 and June 20, 2025, the firm boosted its Ethereum treasury by acquiring over twelve thousand more coins, bringing its total holdings to 188,478 ETH—solidifying its status as the largest publicly traded Ethereum treasury in the world.
$30 Million ETH Purchase Strengthens Blockchain Bet
Sharplink added 12,207 ETH at an average price of just over twenty-five hundred dollars each, totaling nearly thirty-one million in new crypto assets. This aggressive buy-in came alongside a capital raise of approximately twenty-eight million through its At-The-Market equity offering. The company sold more than two and a half million shares of common stock, and a large portion of that capital has gone directly into expanding its Ethereum treasury.
This isn’t just a headline-grabbing purchase—it’s part of a deliberate strategy launched at the beginning of June to pivot the company’s long-term financial strategy around blockchain assets.
100 Percent Staking Commitment Pays Early Dividends
Unlike many companies that hold crypto in cold storage or passive wallets, Sharplink is taking a different approach—every single unit of Ethereum in their treasury is currently being staked.
Since beginning its staking operations on June 2, the company has already generated 120 ETH in passive rewards. That might seem like a small return now, but it’s a meaningful signal of how the company is focused on earning yield while backing the Ethereum network.
This complete deployment into staking positions Sharplink not only as a bold investor but also as a committed supporter of Ethereum’s proof-of-stake ecosystem.
Executives Double Down on Blockchain-First Vision
In a statement accompanying the announcement, Joseph Lubin, who serves as Chairman of the Board, described the move as a calculated step to create long-term value for shareholders. According to Lubin, blockchain is no longer just a tech trend—it’s foundational infrastructure, and Sharplink wants to be at the forefront.
CEO Rob Phythian echoed the sentiment, emphasizing that blockchain isn’t just part of Sharplink’s financial strategy—it’s becoming part of the company’s core business model. The ETH treasury is not just a holding but a foundation on which the company plans to build future growth and innovation.
Sharplink’s Position in the Public Market
Sharplink now leads all public companies when it comes to Ethereum holdings, outpacing traditional tech firms and even crypto-native competitors. With nearly 190,000 ETH under management, the company is making a clear statement: Ethereum isn’t just an asset, it’s a strategic reserve currency for the next generation of enterprise.
This strategy draws a sharp contrast to companies that have focused primarily on Bitcoin for their treasury reserves. Sharplink is betting big on Ethereum’s evolving utility in decentralized applications, smart contracts, and the emerging world of tokenized real-world assets.
Key Takeaways
- Sharplink Gaming now holds 188,478 ETH after purchasing over 12,000 new coins for nearly thirty-one million dollars.
- The company raised over twenty-seven million through a stock offering and allocated most of it toward ETH.
- All Ethereum holdings are staked, generating passive yield and reinforcing a full commitment to Ethereum’s ecosystem.
- Executives describe the strategy as a long-term move to deliver shareholder value through blockchain exposure.
- Sharplink is now the largest publicly traded holder of Ethereum.
Final Thoughts
Sharplink Gaming is no longer just a gaming or digital media company—it’s morphing into a blockchain-native treasury powerhouse. With the Ethereum ecosystem gaining more attention for its role in everything from DeFi to tokenized securities, this kind of strategic bet might just be the blueprint for future publicly traded companies.
