It appears that SharpLink Gaming will not be slowing down anytime soon. Backed by Ethereum co-founder Joseph Lubin, the company recently increased its already enormous Ethereum holdings by a cool $295 million. Yes, you read correctly: on-chain analytics company Lookonchain, which learned of the deal from Arkham data, reports that SharpLink purchased a substantial 77,210 ETH on Sunday night.
SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M) and currently holds 438,017 $ETH($1.69B).https://t.co/143CVq5E6U pic.twitter.com/Oa4dQ9XFGF
— Lookonchain (@lookonchain) July 28, 2025
If you do the math, you'll see that SharpLink's Ethereum holdings have increased to an astounding 438,017 ETH, which is currently valued at about $1.7 billion. What a massive cryptocurrency wallet. To be honest, who can blame SharpLink for becoming one of the biggest Ethereum treasury companies? These days, Ethereum seems like a wise investment.
Ethereum Strategy and New Co-CEO Pay Off
When SharpLink announced last week that former BlackRock executive Joseph Chalom would be taking over as co-CEO, the company made headlines once more. Chalom's decision to join the company was hailed as a "resounding validation" of SharpLink's ETH accumulation strategy by Joseph Lubin, the chairman of SharpLink and a co-founder of Ethereum. They seem to be putting a lot of effort into the long-term Ethereum strategy.
At $21.99., SharpLink's stock ended Friday's trading session down 5.7%. However, the stock jumped a staggering 113.9% just last month and is up 186.3% so far this year, so don't be fooled by that dip. Who can blame investors for enjoying the company's daring actions?
Ethereum, meanwhile, saw a pleasant 2.9% increase over the past day, reaching $3,900 at 1:00 a.m. ET on Monday. Given the recent performance of ETH, it is not surprising that SharpLink is stacking more of the token.
What will SharpLink Gaming do next? It appears that the company is poised to make significant waves in the cryptocurrency world with this enormous Ethereum stash and a new co-CEO. People, keep an eye on this one because it won't be slowing down anytime soon.
Matvii Diadkov
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