SharpLink Gaming (NASDAQ: SBET), a US-listed company specializing in iGaming solutions, has announced a significant expansion of its Ethereum reserve strategy, purchasing an additional 12,207 ETH worth $30.67 million between June 16–20, 2025.
Key Highlights of SharpLink’s ETH Strategy
- Recent Purchase: Acquired 12,207 ETH at an average price of $2,513 per token, bringing total holdings to 188,478 ETH—the largest corporate ETH treasury globally.
- Funding Mechanism: Generated $27.7 million through an At-The-Market (ATM) equity offering, with proceeds earmarked for further ETH acquisitions.
- Staking Rewards: 100% of SharpLink’s ETH is now staked, yielding 120 ETH in rewards since June 2, 2025.
- Shareholder Value: "ETH-per-share" metric has grown 18.97% since the treasury strategy’s implementation.
👉 Discover how ETH staking boosts corporate balance sheets
Leadership Insights
Joseph Lubin, SharpLink’s Board Chairman and Ethereum co-founder (also CEO of Consensys), emphasized the strategic vision:
"Our growing ETH reserves reflect a forward-thinking approach to shareholder value creation. As Ethereum becomes central to future finance, we’re positioning SharpLink at the intersection of blockchain innovation and next-gen iGaming."
CEO Rob Phythian added:
"We’ll continue leveraging blockchain to strengthen our financial foundation while maintaining transparency with stakeholders about our digital asset strategy."
FAQ Section
Q1: Why is SharpLink aggressively buying ETH?
A1: The company views Ethereum as a long-term store of value and aims to capitalize on ETH’s appreciation potential while earning staking rewards.
Q2: How does staking ETH benefit shareholders?
A2: Staking generates passive income (~5% APY) and increases the intrinsic value of each share via higher ETH-per-share metrics.
Q3: Will SharpLink sell its ETH holdings soon?
A3: No. Leadership has signaled a "long-term HODL strategy", with no plans for near-term divestment.
Market Context
SharpLink’s approach mirrors MicroStrategy’s Bitcoin treasury playbook, adapting it for Ethereum’s ecosystem. The move underscores institutional confidence in ETH’s utility as both a yield-bearing asset and a cornerstone of Web3 infrastructure.
👉 Learn how ETH compares to BTC as a corporate treasury asset
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