Ethereum The NASDAQ-listed company announced Tuesday that Sharplink Gaming had purchased $264.5 million last week, a company registered with NASDAQ announced.
The holdings of the Minneapolis, Minnesota-based company have grown to 521,939 digital coins after purchasing 83,561 ETH between July 28th and August 3rd.
The published Sharplink (SBET) was trading nearly $19 on Tuesday for less than 1%. Sharplink shares have risen more than 420% since the end of May when they were trading at less than $4 per share.
New: Sharplink holds 521,939 ETH
From July 28th to August 3rd, Sharplink acquired 83,561 ETH for $264.5 million with an average price of $3,634
The per share (“ETH concentration”) is 3.66, up from 3.40 last week, an increase of 83% since the strategy began on June 2nd.
100%…pic.twitter.com/x1mfxfdj37
– Sharplink (sbet) (@sharplinkgaming) August 5, 2025
Sharplink could not be reached for comment.
Sharplink, focusing on marketing, first announced raised $425 million Ethereum Ministry of Finance will be established in May. Since then, they have bought more digital coins as the prices of the second-largest cryptocurrency by market value have risen. In July only, Sharplink I spent time $780 million on ETH.
ETH has recently been trading at around $3,631 per coin. According to Crypto Data Provider Coingecko has dropped by 0.4% over the past 24 hours. The coin is about 34% below the all-time hit $4,878 in 2021.
Still, the coins collected over 44% in 30 days as American investors piled up ETH Exchange-Traded Funds. These funds have generated more than $9.5 billion in net inflows since their debut last year, according to Farside Investors, which is why they are not a staple of $9.5 billion.
Other publicly traded companies, along with Peter Shield-backed Bitcoin Minor BitMine Immersion, are snapping over $3 billion in ETH of 833,000, to build Ethereum finances.
Ethereum Treasuries follow a pioneered model strategy– More formally micro-strategy – We have moved from software development to purchasing Bitcoin 2020, after years of hard work and low stock prices. The strategy currently holds 628,791 BTC, which is more than $72 billion.
Other NASDAQ-registered companies are mostly small and lesser known entities by buying things like Bitcoin and Ethereum, as well as things like Altcoins. Solana and XRP. Typically, these companies have at least achieved short-term stock prices, and sometimes they have large spikes.
