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SharpLink boosts ETH holdings to nearly $2 billion after buying 83,562 ETH. The digital asset firm is now among the top ETH-staking entities.
Author: Akshat Thakur
August 5, 2025 — SharpLink has added 83,562 ETH worth $264.5 million to its treasury, raising total holdings to over 521,000 ETH and doubling down on its staking strategy.
Digital asset firm SharpLink has continued its Ether accumulation, purchasing 83,562 ETH between July 28 and August 3. The firm paid an average price of $3,634 per ETH, totaling $264.5 million in investment.
This latest move raises SharpLink’s total Ether holdings to 521,939 ETH, which is valued at approximately $1.91 billion based on current market prices. The firm confirmed that all of this Ether is staked on Ethereum’s proof-of-stake network.
According to SharpLink, staking rewards have already generated 929 ETH, currently valued at over $3.3 million. This aligns with its broader ETH strategy, measured using an ETH-per-share metric known as “ETH concentration,” which currently stands at 3.66, up 83% since the firm’s initial purchase.
This metric helps the company evaluate how much ETH is held per outstanding share, offering a performance snapshot for investors and stakeholders.
SharpLink now ranks as the second-largest public holder of Ether, following Bitmine Immersion Technologies. Bitmine recently disclosed its holding of 833,137 ETH worth more than $3 billion, after acquiring 208,137 ETH in a single day.
Other major Ether holders include The Ethereum Foundation with 232,600 ETH, PulseChain with 166,300 ETH, and The Ether Machine with 345,000 ETH.
SharpLink’s announcement comes as spot Ether ETFs report significant outflows. On Monday, Ethereum ETFs recorded $465 million in net daily outflows, the largest since launch.
BlackRock’s ETHA saw $375 million in outflows, while Fidelity’s FETH fund lost $55 million. Despite the ETF sell-off, on-chain staking continues to attract institutions like SharpLink.
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