SharpLink Expands Ethereum Holdings with $78.3 Million Purchase

Quick Breakdown 

• SharpLink Gaming boosts its Ethereum reserves with a $78.3 million purchase, totaling over 859,000 ETH.
• The firm plans to tokenize its Nasdaq-listed SBET shares on Ethereum through a partnership with Superstate.
• Corporate treasuries now hold nearly 5.98 million ETH, reflecting rising institutional confidence in Ethereum.

SharpLink Gaming has deepened its position in Ethereum, acquiring 19,271 ETH worth approximately $78.3 million, according to on-chain data from Lookonchain. The move ends a brief pause in accumulation and underscores the company’s growing confidence in Ethereum as both a technological backbone and a balance sheet asset.

After a month of silence, SharpLink( @SharpLinkGaming ) bought another 19,271 $ETH ($78.3M). pic.twitter.com/7k8chA8M90

— Lookonchain (@lookonchain) October 27, 2025

Growing ethereum treasury

With this latest purchase, SharpLink’s total Ethereum holdings have surged to around 859,853 ETH, valued at over $3.62 billion based on current market prices. This positions the sports gaming technology firm among the largest corporate holders of ETH globally. The accumulation aligns with a broader trend of institutional entities integrating Ethereum into their long-term reserves, signaling growing acceptance of digital assets as part of corporate treasury strategies.

According to data from Strategic ETH Reserve, corporate treasuries now collectively hold nearly 5.98 million ETH—worth about $25.18 billion—representing roughly 4.94% of Ethereum’s total circulating supply. The rising adoption by publicly listed firms reflects confidence in Ethereum’s role as programmable capital, particularly amid improving market sentiment.

Tokenized equity and DeFi integration

SharpLink’s Ethereum strategy extends beyond accumulation. The company recently announced plans to tokenize its Nasdaq-listed SBET shares directly on the Ethereum network through a partnership with Superstate. The initiative aims to bridge traditional equity markets with decentralized finance infrastructure, enabling greater liquidity and transparency for investors.

By tokenizing its stock and maintaining Ethereum as a key treasury asset, SharpLink is positioning itself at the intersection of blockchain-based finance and regulated equity markets. The move also complements its long-term goal of leveraging Ethereum’s yield-bearing and programmable features for treasury optimization.

SharpLink’s expansion aligns with a rising trend among corporations adopting Ethereum in their treasuries. Other major players, such as BitMine Immersion and The Ether Machine , are also aggressively accumulating ETH, reflecting growing confidence in Ethereum as a cornerstone for finance and technological innovation within tokenized economies.