SharpLink ETH vault surged to 3.6 billion USD! Increased holdings of over 56,000 Ethereum in a single week.

NASDAQ-listed company SharpLink Gaming (ticker: SBET) has significantly increased its investment in Ethereum (ETH), spending approximately $252 million last week to acquire an additional 56,533 ETH, bringing its total holdings to 797,704 ETH, valued at around $3.64 billion based on current market prices. The company also retains $200 million in cash, ready to continue expanding its holdings when market opportunities arise.

Weekly Increase of 56,000+ ETH Holdings Breaks New High

(Source: The Block)

SharpLink stated that the average purchase price for this increase in holdings was approximately $4,462, marking the largest single-week procurement since the company launched its cryptocurrency asset strategy in June.

As of the week of August 24, the company raised a net income of $360.9 million through market equity financing tools, providing ample funds for subsequent increases in ETH.

This transaction makes SharpLink one of the largest publicly traded companies in the world holding ETH, second only to some digital asset funds focused on Ethereum.

Ethereum vault status rises, competition with institutions intensifies

According to data from The Block, the ETH treasury of SharpLink has reached a value of 3.64 billion USD, placing it alongside major ETH funds like BitMine Immersion led by Fundstrat founder Tom Lee at the forefront of the market.

Currently, the total amount of enterprise-level ETH funds has surpassed 12 billion USD, nearly half of the 28 billion USD asset management scale of the spot ETH ETF system, indicating that institutional and listed companies’ long-term allocation demand for ETH is rapidly increasing.

Staking rewards and stock buybacks go hand in hand

SharpLink not only holds ETH but also actively participates in staking to generate additional income. Since the launch of its financial plan on June 2, the company has accumulated 1,799 ETH staking rewards, worth over 8 million dollars.

In addition, the company approved a stock repurchase plan of up to $1.5 billion and stated that when the stock price is below its ETH net asset value, the repurchase will bring potential value appreciation to shareholders.

It is worth noting that although the SBET stock price has dropped by about 65% since early June, ETH has risen by more than 80% in the past 60 days, making its cryptocurrency asset allocation a core highlight of the company’s finances.

Conclusion

SharpLink has increased its holdings by over 56,000 ETH in just one week, boosting its treasury to over $3.6 billion, and strengthening asset value through staking and buyback strategies. As institutional demand for Ethereum continues to rise, SharpLink’s proactive layout may bring it greater market influence and capital returns in the coming months. For more real-time market data and in-depth analysis, please follow Gate’s official platform.