In a massive show of confidence in Ethereum, SharpLink has boosted its ETH treasury to a staggering $3.6 billion following the purchase of 56,533 ETH in just one week.
The company executed this $252 million buy at an average price of $4,462 per token, bringing their total holdings to nearly 800,000 ETH—a number that would make even crypto whales blush.
This aggressive accumulation strategy doesn’t appear to be slowing down anytime soon.
SharpLink is sitting on an additional $200 million in cash specifically earmarked for future ETH purchases.
It’s like watching someone at an all-you-can-eat buffet who keeps returning with bigger plates each time.
The company’s appetite for ETH is matched only by its fundraising prowess.
SharpLink raised approximately $900 million over the past week through various mechanisms, including $360.9 million via an at-the-market equity program and $400 million through securities purchase agreements with five global institutional investors.
The direct offering was priced at $21.76 per share, in compliance with Nasdaq rules.
With headquarters in Minneapolis, Minnesota, SharpLink has established itself as one of the world’s largest publicly traded companies adopting ETH as a primary treasury reserve.
SharpLink now stands as the third largest publicly traded treasury company holding Ethereum, trailing only behind competitors like BitMine Immersion Technologies, which holds 1.72 million ETH valued at $7.5 billion.
Together with other corporate treasuries, these institutional holdings now manage nearly half of all corporate digital asset AUM, totaling $28 billion.
The rapid accumulation has increased SharpLink’s ETH concentration to 3.66, up 19% week-over-week.
The company has also earned 929 ETH in staking rewards since June 2025, effectively getting paid to hodl—a strategy that would make any crypto enthusiast nod in approval. The company’s focus on staking demonstrates its commitment to the more environmentally friendly Proof of Stake consensus mechanism that Ethereum now employs. The company continues its buying strategy near all-time highs, demonstrating unwavering confidence even as ETH recently peaked above $4,900.
Joseph Chalom, Co-CEO, has emphasized investor trust and Ethereum’s transformative potential through this treasury strategy.
The company positions itself as an industry advocate for Ethereum-based treasury approaches, suggesting that traditional corporate finance might be getting a blockchain makeover, one treasury at a time.
