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October 22, 2025Bitcoinist logoBitcoinist

Ethereum Treasury Giant SharpLink Resumes ETH Purchases As Holdings Top $3.5 Billion

Ethereum (ETH) treasury firm SharpLink Gaming has resumed purchasing ￰0￱ firm made its first ETH purchase since August 2025, acquiring another 19,271 ETH at an average purchase price of $3,892 per ￰1￱ Increases Ethereum Holdings To $3.5 Billion Minneapolis-based SharpLink Gaming today announced that it had increased its total ETH holdings by 19,271 ￰2￱ firm’s total ETH holdings now stand at 859,853 ETH, valued at almost $3.5 ￰3￱ company disclosed that it raised $76.5 million in gross proceeds last week, excluding placement agent fees and other related ￰4￱ proceeds were used to finance the latest ETH purchase. Commenting, Joseph Chalom, co-founder of SharpLink Gaming, said: Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH ￰5￱ capital raise completed last week was executed at a premium to ￰6￱ thereafter, we took advantage of attractive market conditions to acquire ETH at prices lower than when we raised the ￰7￱ sequence was immediately accretive to shareholders and showcases the precision of our ￰8￱ Nasdaq-listed firm also shared that its total ETH staking rewards had increased to 5,671.

To recall, SharpLink Gaming had started its ETH-focused corporate treasury strategy in June ￰9￱ company also reported a 100% increase in Etheruem ￰10￱ metric surged to 4.0, up 100% since June ￰11￱ the uninitiated, Ethereum concentration measures how much ether SharpLink holds per 1,000 assumed diluted shares, offering insight into the company’s crypto exposure relative to its total potential equity base. It’s calculated by dividing total ETH holdings (including LsETH) by all issued and potentially issuable shares, without using the treasury stock method or accounting for vesting or conversion ￰12￱ today’s announcement, SharpLink Gaming’s stock SBET is down 2.64%, trading at $14.40 at the time of ￰13￱ stock is up more than 440% over the past six ￰14￱ Taking The Limelight From Other Crypto 2025 has seen an unprecedented growth in the number of firms adopting a crypto-focused corporate treasury strategy, not just limited to leading digital assets like Bitcoin (BTC), or ￰15￱ instance, NYSE-listed CleanCore Solutions recently announced that its Dogecoin (DOGE) treasury had topped 710 million ￰16￱ firm has an aim of adding 1 billion DOGE to its balance ￰17￱ said, the rate of Ethereum adoption has surpassed all other digital assets – including BTC – throughout the year.

Recently, Ethereum whale BitMine purchased another 203,800 ETH, effectively owning 2.7% of Ethereum’s circulating ￰18￱ press time, ETH trades at $3,988, up 0.8% in the past 24 hours.

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