Just In: SharpLink Expands Ethereum Treasury with $30.7 Million ETH Purchase

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SharpLink Gaming (Nasdaq: SBET), the largest publicly traded holder of Ethereum, has announced a strategic expansion of its Ethereum holdings. The company acquired an additional 12,207 ETH, valued at approximately $30.7 million, at an average price of $2,513 per ETH.

SharpLink Ethereum Treasury Expansion

According to a press release, between June 16, 2025, and June 20, SharpLink Gaming increased its Ethereum treasury by acquiring 12,207 ETH for a total cost of $30,674,829. This purchase represents the company’s ongoing strategy of building its digital asset portfolio and positioning itself as a significant player in the blockchain and crypto markets.

The latest acquisition brings SharpLink’s total ETH holdings to 188,478 ETH, a move that underscores the company’s commitment to its ETH treasury strategy.

This purchase was funded, in part, through proceeds raised via the company’s At-The-Market (ATM) facility. During the same period, SharpLink raised approximately $27.7 million in net proceeds by selling 2,547,180 shares of its common stock. The majority of the ATM proceeds will be used to further expand the company’s Ethereum treasury.

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Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
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