Altcoins News
By Sakamoto Nashi
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Direct Deal With Ethereum Foundation Raises Eyebrows. One of the more eye-catching elements of SharpLink’s buying spree is its direct acquisition of…
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A Strategic Shift in Treasury Management. SharpLink’s Ethereum strategy stems from a broader shift in its treasury management.
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Approaching Ethereum Foundation in Size. With nearly $974 million in Ethereum holdings, SharpLink is close to overtaking the Ethereum…
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Why SharpLink Is Doubling Down on Ethereum. Several key motivations appear to be driving SharpLink’s aggressive ETH accumulation:
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A Broader Trend in Corporate Crypto Strategy. SharpLink isn’t alone. In recent months, multiple corporations have begun exploring or expanding…
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SharpLink, a Nasdaq-listed sports-tech company, has continued expanding its Ethereum treasury this week, bringing its total holdings to nearly 312,000 ETH.
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On Wednesday, SharpLink purchased 6,377 ETH, valued at approximately $19.56 million at a market price of $3,122.98 per coin.
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In total, the company has spent $275 million accumulating over 91,000 ETH within just the past week.
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One of the more eye-catching elements of SharpLink’s buying spree is its direct acquisition of 10,000 ETH from the Ethereum Foundation, suggesting that its strategy has deep…
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These large and methodical buys indicate that SharpLink isn’t treating Ethereum as a short-term bet.
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SharpLink’s Ethereum strategy stems from a broader shift in its treasury management. Traditionally focused on sports betting and iGaming, the firm is now using ETH as its primary…
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The shift was first outlined on May 27, 2025, and since then, SharpLink has executed a series of large transactions to reposition its balance sheet around Ethereum.
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CEO Rob Phythian has called this move a “defining moment” for public companies getting involved in digital assets.
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With nearly $974 million in Ethereum holdings, SharpLink is close to overtaking the Ethereum Foundation, which reportedly holds around $725 million worth of ETH.
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Joseph Lubin, co-founder of Ethereum and CEO of Consensys, currently serves as the chairman of SharpLink’s board.
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