TLDR
- SBET Becomes Top ETH Holder, Surging 10% After Massive Crypto Treasury Move
- SharpLink Now Holds 280K+ ETH, Dominates Corporate Blockchain Treasury Game
- SBET Stakes 99.7% of ETH Holdings, Turning Crypto Reserves Into Yield Engine
- $413M Raised Fuels SBET’s Ethereum Buying Spree, Boosting Stock and Strategy
- ETH Concentration Hits 2.46 as SBET Doubles Down on Digital Asset Dominance
SharpLink Gaming, Inc. (SBET) surged over 10% early Monday, trading at $26.35 by 10:07 AM EDT. The stock gained momentum after the company confirmed it now holds 280,706 Ethereum (ETH), becoming the largest corporate holder globally. This bold move further aligns SBET with its digital capital strategy, pushing the stock into bullish territory.
Ethereum Holdings Reach 280,706 as SBET Leads in Digital Asset Strategy
SBET added 74,656 ETH from July 7 to July 13, 2025, buying at a weighted average price of $2,852. This pushed its total ETH holdings to 280,706, surpassing all other publicly traded companies. The company now holds a dominant position in the Ethereum space and continues strengthening its treasury strategy.
SharpLink raised $413 million during the same period by issuing over 24 million shares through its At-The-Market facility. This capital inflow enables further ETH acquisitions, although $257 million remains available for deployment. The company plans to update its ETH treasury activity regularly for public clarity.
By aggressively acquiring Ethereum, SBET has positioned itself as a digital-first enterprise. The company maintains that ETH now acts as its primary treasury reserve asset. With this, SBET’s exposure to blockchain infrastructure has reached a historic high.
SBET Allocates 99.7% of ETH to Staking Protocols for Yield Generation
As of July 11, 2025, SBET had staked nearly all its Ethereum holdings, optimizing passive income through blockchain rewards. Between July 7 and July 11, the company earned 94 ETH in rewards, taking total returns since June 2 to 415 ETH. This reflects a high-yield strategy that matches the company’s growth goals.
The Ethereum staking model helps the company generate income while retaining full ETH exposure. SBET continues adjusting its approach to boost yields while managing network risks. The company uses proven DeFi protocols to ensure liquidity and secure yield performance.
SBET’s aggressive staking strategy reinforces its long-term belief in Ethereum as both a store of value and productive asset. This move also increases financial efficiency as Ethereum becomes an income-generating reserve. With consistent reward accumulation, the company strengthens both its treasury and operational base.
ETH Concentration Rises as SBET Expands Blockchain Focus
The company’s ETH Concentration metric rose to 2.46 ETH per 1,000 assumed diluted shares by July 13, up 23% in a month. This metric reflects SharpLink’s expanding ETH footprint relative to its capital structure. The company uses it to track exposure levels as it scales digital asset holdings.
SBET includes all share classes, warrants, and options in calculating ETH Concentration, excluding treasury adjustments. This creates a more transparent gauge for assessing Ethereum’s role in its balance sheet. The metric has gained attention as ETH becomes central to SharpLink’s corporate structure.
As the company continues accumulating ETH, its ETH Concentration will likely increase. With $257 million in capital still undeployed, further accumulation seems probable. SBET remains focused on Ethereum as a long-term treasury solution, anchoring its growth in the digital asset economy.
