SharpLink Gaming, the largest corporate holder of Ethereum, reported a significant increase in its ETH holdings to 360,807 as of July 20, 2025. This represents a 29% growth from the previous week.
Purchase of 79,949 ETH
SharpLink Gaming purchased 79,949 ETH at an average price of $3,238, marking the largest weekly purchase volume in its history. Since the launch of its digital treasury strategy on June 2, 2025, the company has also received 567 ETH in staking rewards.
New Digital Treasury Strategy
In June, SharpLink acquired over 176,000 ETH for $463 million, becoming the largest public owner of Ethereum. Currently, $96.6 million received under the At-The-Market (ATM) program has not yet been used for purchases and will be deployed to further increase crypto reserves.
Response to GENIUS Act
SharpLink expressed appreciation for the recent signing by US President Donald Trump of the GENIUS Act, which establishes a clear regulatory framework for digital assets in the US. Joseph Lubin, Chairman of SharpLink, noted that this law opens a new era for the digital asset industry by removing regulatory uncertainty.
Thus, SharpLink's unrealized profit amounts to more than $1.3 billion, underscoring the company's success in its strategy to increase Ethereum concentration and create shareholder value.
