Share this article
SharpLink Acquired 77K More ETH, Boosting Holdings Over $1.6B
The firm, led by Joesph Lubin, has emerged as one of the largest corporate ether holders since its pivot to a crypto treasury strategy.
Jul 29, 2025, 2:00 p.m.
What to know:
- SharpLink purchased 77,209 ETH last week, raising total holdings to 438,190 ETH.
- The company also raised $279 million through its at-the-market equity program during the same period.
SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, unveiled on Tuesday that its ether holdings increased to 438,190 tokens, worth roughly $1.68 billion at current prices
The company bought 77,209 ether , or $297 million, through the week ending on July 27. It has also raised $279 million by selling shares, tapping at-the-market equity facility.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Shares are lower by another 7% today, now trading at $19.46 versus its 52-week high of $124 reached just two weeks ago, but still
The Minneapolis-based firm has pursued an aggressive treasury strategy since its late May pivot, raising funds to accumulate the second-largest cryptocurrency and staking the tokens in exchange for rewards. The firm said it has earned 722 ETH since then,
The firm recently appointed former BlackRock executive Joseph Chalom as co-CEO.
Read more: Ether-Focused SharpLink Appoints Former BlackRock Executive as Co-CEO
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
