Ethereum (ETH) financial company Sharplink Gaming has resumed purchasing ETH. The company made its first ETH purchase since August 2025, acquiring an additional 19,271 ETH at an average purchase price of $3,892 per ETH.
SharpLink increases Ethereum holdings to $3.5 billion
Minneapolis-based SharpLink Gaming announced today that it has increased its total ETH holdings by 19,271 ETH. The company’s total ETH holdings currently stand at 859,853 ETH, worth approximately $3.5 billion.
The company revealed that raised Last week’s total revenue was $76.5 million, excluding introducing agent commissions and other related expenses. These proceeds were used to fund the latest ETH purchases. Joseph Chalom, co-founder of SharpLink Gaming, commented:
Our top priority continues to be creating value for our shareholders through disciplined execution and a relentless focus on increasing our ETH accumulation. The financing completed last week was carried out at above NAV. Shortly thereafter, we took advantage of attractive market conditions to acquire ETH at a lower price than at the time of the funding. This set of results was immediately communicated to shareholders and demonstrated the accuracy of our strategy.
The Nasdaq-listed company also shared that total ETH staking rewards increased to 5,671. Please remember. SharpLink Gaming launched an ETH-focused corporate finance strategy in June 2025.
The company also reported a 100% increase in Etherem concentration. The metric jumped to 4.0, an increase of 100% since June 2025.
For the uninitiated, Ethereum Concentration measures how much Ether Sharplink owns per 1,000 notional diluted shares, providing insight into the company’s crypto exposure relative to its potential total stock base. It is calculated by dividing your total ETH holdings (including LsETH) by all outstanding and available shares, without using the treasury stock method or taking into account vesting or conversion restrictions.
Following today’s announcement, SharpLink Gaming’s stock price SBET has fallen by 2.64% and is trading at $14.40 at the time of writing. The stock price has increased more than 440% in the past six months.
ETH steals the spotlight from other cryptocurrencies
2025 will see an unprecedented increase in the number of companies adopting corporate finance strategies focused on cryptocurrencies, but not limited to major digital assets such as Bitcoin (BTC) and ETH.
For example, CleanCore Solutions recently went public on the New York Stock Exchange. announced The assets of Dogecoin (DOGE) have exceeded 710 million DOGE. The company aims to add 1 billion DOGE to its balance sheet.
That said, Ethereum’s adoption rate outperformed all other digital assets, including BTC, throughout the year. Recently, Ethereum whale BitMine purchased With an additional 203,800 ETH, it effectively owns 2.7% of Ethereum’s circulating supply. At the time of writing, ETH is trading at $3,988, up 0.8% over the past 24 hours.
Featured image from Unsplash.com, graph from Yahoo! Finance and TradingView.com
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