Global Finance News
21 Oct 2025, 20:18
SharpLink Gaming announced that its total Ether (ETH) holdings rose to 859,853 ETH as of October 19, 2025, making it one of the largest corporate holders of Ethereum globally. The company’s combined ETH and cash reserves now total approximately $3.5 billion, reinforcing its position as a key advocate for Ethereum adoption.
The increase follows a $76.5 million capital raise completed on October 17, 2025, which was executed at a premium to net asset value (NAV). Shortly after, SharpLink used part of the proceeds to purchase 19,271 ETH at an average cost of $3,892 per coin, taking advantage of favorable market conditions.
Co-CEO Joseph Chalom said the move highlights SharpLink’s “disciplined execution and focus on accretive ETH accumulation,” adding that the purchase “was immediately accretive to shareholders.”
Other highlights from the week included staking rewards reaching 5,671 ETH since the company launched its treasury strategy on June 2, 2025, and ETH concentration increasing to 4.0, doubling over the past four months. The company also reported holding $36.4 million in cash and equivalents.
SharpLink emphasized that its ETH-focused treasury approach continues to strengthen its balance sheet while aligning with its long-term vision of supporting Ethereum network growth.
The increase follows a $76.5 million capital raise completed on October 17, 2025, which was executed at a premium to net asset value (NAV). Shortly after, SharpLink used part of the proceeds to purchase 19,271 ETH at an average cost of $3,892 per coin, taking advantage of favorable market conditions.
Co-CEO Joseph Chalom said the move highlights SharpLink’s “disciplined execution and focus on accretive ETH accumulation,” adding that the purchase “was immediately accretive to shareholders.”
Other highlights from the week included staking rewards reaching 5,671 ETH since the company launched its treasury strategy on June 2, 2025, and ETH concentration increasing to 4.0, doubling over the past four months. The company also reported holding $36.4 million in cash and equivalents.
SharpLink emphasized that its ETH-focused treasury approach continues to strengthen its balance sheet while aligning with its long-term vision of supporting Ethereum network growth.