SharpLink has officially overtaken the Ethereum Foundation in ETH holdings, signaling a major shift in Ethereum treasury dynamics. The company now holds approximately 312,000 ETH, valued at $974 million, marking its dominance in corporate crypto reserves. With continuous large-scale acquisitions, SharpLink has positioned itself as a leading public-market Ethereum treasury proxy.
Ethereum Treasury Strategy Reaches New Heights
SharpLink continued its Ethereum buying streak this week, purchasing 6,377 ETH worth around $19.56 million at current prices. This acquisition follows a July 15 buy of 24,371 ETH for $73 million, reflecting an aggressive Ethereum treasury strategy. Cumulatively, the company now holds over 312,000 ETH, surpassing the Ethereum Foundation’s $725 million reserves.
SharpLink(@SharpLinkGaming) bought another 6,377 $ETH($19.56M) today.
In the past 7 days, they've accumulated 91,330 $ETH($275M).https://t.co/8pOfvpDWym pic.twitter.com/NGepBvYcP4
— Lookonchain (@lookonchain) July 16, 2025
These consistent acquisitions began in late May 2025, after SharpLink announced a new treasury strategy involving ETH. A $425 million private placement supported this move, led by Consensys and joined by Pantera Capital and ParaFi Capital. The company now uses ETH as its primary treasury reserve asset, reflecting a growing corporate preference for programmable digital assets.
CEO Rob Phythian confirmed that more than 99% of SharpLink’s ETH is currently staked or restaked in yield-generating protocols. This signals a long-term commitment to Ethereum and its broader ecosystem. Phythian called the shift a “defining moment” for public companies adopting crypto in their core financial strategies.
Institutional Momentum Drives Corporate ETH Treasury Expansion
SharpLink’s ETH purchases highlight a strong institutional push into Ethereum treasury accumulation over recent months. Its average July 7 13 purchases was 74,656 ETH at a cost of 213 million, or an average price per coin of 2,852. These sales took place on centralized exchanges and over-the-counter desks, implying strategic purchases.
MicroStrategy has since played a Bitcoin game. SharpLink board chair Joseph Lubin, one of the founders of Ethereum, likened his firm to the latter. He referred to Ethereum as a programmable, yield-bearing asset that can be used in current digital finance policies. Lubin pointed out that SharpLink gives investors a proxy of Ethereum when trading in the market.
This growth comes along with the growing faith in ETH’s potential as a long-term investment, particularly due to positive changes in the regulatory situation in the U.S. Businesses have moved on to consider Ethereum’s staking and use capabilities after they have considered Bitcoin. As a result, ETH is becoming central to institutional Ethereum treasury strategies.
SharpLink Strengthens Lead in ETH Holdings
SharpLink’s transition into Ethereum treasury holdings reflects a growing trend among public firms exploring digital asset reserves. Its daily purchases have significantly increased demand and liquidity in the Ethereum market. Analysts suggest that such corporate interest could influence ETH’s price trajectory and market stability.
As of Wednesday, Ethereum traded at $3,122.98, giving SharpLink’s holdings a market value nearing $1 billion. With continuous buys, the company is on track to expand its lead as the top known ETH holder. These movements underscore the potential role of Ethereum treasury assets in corporate balance sheets.
SharpLink still maintains operations in sports betting and iGaming, yet ETH now plays a vital financial role. The firm treats Ethereum as both a yield source and a long-term strategic reserve. This hybrid model shows how corporations can align blockchain support with treasury growth.
Conclusion
Based on the latest research, corporate Ethereum treasury holdings are gaining momentum, with SharpLink setting a new precedent. SharpLink’s accumulation strategy has positioned the firm as the largest known holder of ETH, overtaking even the Ethereum Foundation. Its shift toward using Ethereum as a core treasury asset highlights a broader movement among public companies to explore yield-bearing, programmable digital currencies. With consistent purchases and a focus on staking, SharpLink is reshaping how treasury assets are defined in a digital-first era.
Summary
SharpLink has surpassed the Ethereum Foundation in ETH holdings with over 312,000 ETH, worth around $974 million. The Nasdaq-listed company is now the largest known Ethereum treasury holder, using ETH as its primary reserve asset. Supported by a $425 million private placement, the firm continues to buy Ethereum daily while staking nearly all of it for yield. This move reflects a growing trend of corporations adopting Ethereum for treasury use, as public markets seek programmable, yield-bearing alternatives to traditional reserves.
FAQs
What is SharpLink’s total Ethereum holding now?
SharpLink holds approximately 312,000 ETH, worth around $974 million based on recent market prices.
Why is SharpLink accumulating so much ETH?
SharpLink is using ETH as its primary treasury reserve asset to gain yield and long-term exposure to Ethereum.
When did SharpLink begin buying Ethereum?
The company started large-scale Ethereum purchases in late May 2025, after announcing a strategic treasury shift.
Is SharpLink’s ETH staked?
Yes, over 99% of SharpLink’s Ethereum is either staked or restaked in yield-bearing protocols.
Who supported SharpLink’s treasury move?
The initiative was funded by a $425 million private placement led by Consensys, Pantera Capital, Electric Capital, and ParaFi Capital.
Glossary of Key Terms
Ethereum Treasury: ETH holdings maintained by organizations as part of their financial reserves or investment strategy.
Staking: Locking ETH into the Ethereum network to earn rewards and support network operations.
Private Placement: A funding round where investors buy securities directly from the company, outside of public markets.
Yield-Bearing Asset: An asset that generates passive income, such as staking rewards, over time.
Over-the-Counter (OTC) Transaction: A private, direct crypto trade between two parties, usually involving large amounts.
References:
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