Sharplink Gaming purchased 143,593 ETH for $667.2 million, becoming Ethereum’s second-largest corporate holder with 740,760 ETH total treasury worth $3.1 billion.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Sharplink Gaming, the second-largest Ethereum BTC $113 235 24h volatility: 2.8% Market cap: $2.25 T Vol. 24h: $38.71 B treasury investor behind Bitmine, has expanded its holdings with a fresh $667.2 million purchase.
According to the firm’s latest disclosure on Tuesday, Aug. 19, the company acquired 143,593 ETH at an average price of $4,648, raising its total treasury to 740,760 ETH worth $3.1 billion at press time.
NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH
Key highlights for the week ending Aug 17, 2025:
→ Raised $537M through ATM and direct offerings
→ Added 143,593 ETH at ~$4,648 avg. price
→ Staking rewards: 1,388 ETH since June 2 launch… pic.twitter.com/GSe6XzSAwW— SharpLink (SBET) (@SharpLinkGaming) August 19, 2025
The investment was funded through $537 million raised via at-the-market (ATM) and direct offerings, making Sharplink one of the most aggressive buyers during Ethereum’s August rally.
Since launching its Ethereum accumulation strategy on June 2, the company has also earned 1,388 ETH in staking rewards.
Sharplink Gaming Ethereum Holdings Summary as of Aug. 19, 2025 | Source: investors.sharplink.com
The company also introduced a new transparency metric called “ETH Concentration.” This figure divides Sharplink’s ETH holdings by every 1,000 assumed diluted shares outstanding, which includes issued common stock along with shares that would be generated if all warrants, options, and restricted units were exercised.
According to the firm, this metric will allow investors to better assess ETH-per-share exposure alongside NAV growth.
At the same time, Sharplink confirmed more than $84 million in cash reserves remain undeployed, hinting at further ETH purchases in the near term. This strategic buildup signals the company’s long-term commitment to Ethereum as both a treasury asset and a staking revenue generator, even as market volatility intensifies.
Despite Sharplink’s aggressive accumulation, Ethereum’s price performance has been muted. ETH price declined 3% intraday on Tuesday, sliding to $4,182 and extending its losses to 13% since last week’s peak of $4,831.
While new investors like Sharplink Gaming continue to make purchases, vital market data shows the bullish impact is now being nullified by outflows from other US-based corporate entities.
Ethereum ETF Flows, August 2025 | Farside Investors
According to the latest data from Farside Investors, Ethereum exchange-traded funds (ETFs) have recorded back-to-back redemptions of $59 million on Friday and $169 million on Monday.
The recent $255.9 million ETH ETF withdrawals ended a streak of eight consecutive sessions of inflows that had previously netted $3.7 billion and helped fuel Ethereum’s 42% rally earlier this month.
This divergence has blunted the impact of Sharplink’s latest treasury purchases on ETH price action, leaving ETH vulnerable to short-term declines. It remains to be seen if institutional demand persists to absorb sell-side pressure and prevent bears from driving Ethereum below the $4,000 mark as the week unfolds.
Ethereum’s market turbulence has also sparked attention for new projects emerging around its ecosystem, including Token6900, a community-driven memecoin project.
The project’s tokenomics shows a total supply of 930,993,091 tokens and a hard cap of $5 million, with developers locking 6,900 tokens for five years to demonstrate long-term commitment.
Token6900 Presale
As Ethereum continues to attract institutional treasuries to cushion price corrections this week, the Token6900 presale has raised $2.3 million as strategic investors could switch focus to newly launched projects like Token6900 to mitigate downside risks.
Visit the Token6900 official presale website to get in early before the next price update.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
