The company led by Ethereum co-founder Joseph Lubin has purchased 79,949 ETH. Its portfolio has now grown to 360,807 ETH. SharpLink Gaming launched its Ethereum strategy in early June 2025. SharpLink Gaming, the world's largest corporate holder of Ethereum, announced that its holdings reached 360,807 ETH as of July 20, 2025, up 29% from the previous week. According to the weekly report, the company purchased 79,949 ETH at an average price of $3,238, marking the largest weekly purchase volume in its history. Since the launch of its digital treasury strategy on June 2, 2025, SharpLink has also received 567 ETH in staking rewards. It is worth noting that in June, SharpLink acquired more than 176,000 ETH for $463 million and became the largest public owner of Ethereum. At the same time, $96.6 million received under the At-The-Market (ATM) program has not yet been used for purchases and will be deployed to further increase crypto reserves. “We continue to strategically use our ATM facility to grow Ethereum reserves as part of our long-term growth objectives. The asset’s strong position and our ability to purchase large volumes at favorable prices support our goal of increasing Ethereum concentration and shareholder value through disciplined execution of our treasury strategy,” said SharpLink Chairman Joseph Lubin, Ethereum co-founder and Consensys CEO. Additionally, SharpLink expressed its appreciation for the recent signing by US President Donald Trump of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS Act), which establishes a clear regulatory framework for digital assets in the US. Let us recall that Trump recently signed the corresponding law. “The GENIUS Act opens a new era for the digital asset industry. We believe that the regulatory uncertainty that has held back innovation in the crypto space will now disappear. This creates an enabling environment for companies like SharpLink that are leveraging the benefits of Ethereum—including security, scalability, and smart contract functionality—to transform the global digital economy,” Lubin added. The second-largest cryptocurrency by market cap is trading at $3,691, according to TradingView at the time of writing. Thus, SharpLink's unrealized profit amounts to more than $1.3 billion.
