SharpLink Buys $295M in ETH—Outpaces Entire Monthly Ethereum Issuance

SharpLink Gaming has made headlines in the crypto world with a bold treasury move: purchasing 77,210 ETH—worth approximately $295 million—surpassing the total Ether issued on the Ethereum network in the past month.

This aggressive acquisition not only signals SharpLink’s strategic commitment to Ethereum but also solidifies its position as the second-largest corporate holder of ETH globally.

The amount of ETH bought by SharpLink exceeds the 72,795 ETH minted across the entire Ethereum network during the last 30 days, according to on-chain data from Ultra Sound Money.

The purchase marks a defining moment in institutional crypto accumulation, as corporations increasingly shift their focus from Bitcoin to Ethereum as a long-term store of value and yield-generating asset.

Immediately after executing the acquisition, SharpLink staked the majority of its newly purchased ETH to begin earning staking rewards.

This move underscores the firm’s broader plan to maximize treasury returns while contributing to Ethereum’s network security through staking participation.

SharpLink's ETH Holdings Climb Past $1.69 Billion

With the latest acquisition, SharpLink’s total ETH holdings have climbed to a staggering 438,017 ETH, currently valued at over $1.69 billion.

The figure was confirmed by blockchain analytics platform Lookonchain, which tracked the company’s wallet activity.

This development places SharpLink in an elite category—one of only two companies globally holding more than $1.5 billion in Ether.

The other is Bitmine Immersion Technologies, which leads the pack with a commanding 566,000 ETH on its books, valued at over $2 billion.

Bitmine’s rapid accumulation was fueled by a series of large-scale private placements, including a recent $250 million raise that helped push its Ethereum holdings past the $1 billion mark in under a week.

Both SharpLink and Bitmine have laid out ambitious plans for long-term ETH accumulation. Bitmine, for instance, has publicly stated its intention to control as much as 5% of Ethereum’s total circulating supply, which would equate to roughly 6 million ETH—currently valued at more than $23 billion.

Institutional ETH Accumulation Triggers Supply Shock Concerns

These massive corporate purchases are happening in tandem with rising inflows into Ethereum ETFs, prompting growing concerns among analysts over a looming ETH supply crunch.

According to data from Strategic ETH Reserve, corporations and ETFs now hold a combined 8.12 million ETH—approximately 6.73% of the total circulating supply. This collective hoarding is valued at over $31 billion.

The tightening of available ETH on the open market, driven by both staking and institutional treasury accumulation, has the potential to create what some describe as a “supply shock”—a scenario in which new demand significantly outpaces new issuance.

Such dynamics could exert upward pressure on ETH prices, especially if institutional interest continues accelerating throughout the second half of 2025.

SharpLink Expands Executive Roster and Funding for More ETH Buys

Coinciding with its record-breaking ETH acquisition, SharpLink has also filed an amended prospectus to boost its stock offering from $1 billion to $6 billion.

A substantial portion of this capital raise is earmarked specifically for further ETH purchases, indicating that the company’s appetite for Ethereum is far from satisfied.

SharpLink has also strengthened its leadership team to support its ambitious roadmap. The company recently appointed Joseph Chalom, a former BlackRock executive with two decades of experience, as co-CEO. Chalom is expected to lead SharpLink’s global expansion and institutional investor relations.

Earlier this year, Joseph Lubin, the founder of ConsenSys and a key figure in the Ethereum ecosystem, was named chairman of SharpLink’s board.

These high-profile appointments highlight SharpLink’s intent to position itself as a dominant player in the institutional crypto landscape.

By combining deep crypto-native leadership with traditional finance expertise, the company is building a foundation for aggressive growth and long-term market influence.

SharpLink Sets the Standard for Corporate ETH Strategy

SharpLink’s bold moves—marked by unprecedented ETH accumulation, strategic staking, and a strengthened leadership team—signal a new era of institutional engagement with Ethereum.

As the company ramps up both its treasury investments and executive firepower, it is setting a new benchmark for what a forward-looking crypto strategy looks like at the corporate level.

With Ethereum’s supply tightening and on-chain activity surging, SharpLink’s role in shaping ETH’s financial future is no longer just influential—it’s pivotal.