August 5, 2025
5 min read
Ezra Reguerra
SharpLink boosts its Ether holdings by 64.5M, now holding 521,939 ETH worth nearly billion, reinforcing its long-term staking strategy.
Digital asset investment firm SharpLink has significantly expanded its Ether (ETH) holdings, adding $264.5 million worth of ETH to its balance sheet. This latest acquisition raises SharpLink's total staked ETH holdings to 521,939 ETH, valued at approximately $1.91 billion at current market prices.
Between July 28 and August 3, SharpLink purchased 83,562 ETH at an average price of $3,634 per Ether. The company confirmed that all of its ETH holdings are staked, enabling it to earn rewards from Ethereum’s native proof-of-stake consensus mechanism. To date, SharpLink’s cumulative staking rewards have reached 929 ETH, worth over $3.3 million.
SharpLink measures the success of its ETH strategy using an ETH-per-share metric called ETH concentration, which indicates how much ETH is backed per outstanding share. This metric has increased by 83% since the company began accumulating Ether, now standing at 3.66.
This recent purchase continues SharpLink’s aggressive ETH accumulation strategy, which started in June 2025. On June 13, SharpLink announced its initial purchase of $463 million in ETH, making it the largest public holder of Ether at that time. However, it has since been surpassed by BitMine Immersion Technologies.
BitMine recently added 208,137 ETH to its holdings, bringing its total to 833,137 ETH, worth over $3 billion. As Ethereum hovered around $3,700, BitMine became the fourth-largest crypto treasury firm, trailing behind Strategy, MARA Holdings, and Twenty One Capital.
According to the data tracker Strategic ETH Reserve, the Ether Machine holds the third-largest ETH treasury with 345,000 ETH (valued at $1.27 billion). The Ethereum Foundation ranks fourth with 232,600 ETH ($855 million), and PulseChain ranks fifth with 166,300 ETH (over $611 million).
Top 10 entities holding Ether. Source: Strategic ETH Reserve
SharpLink’s latest ETH purchase announcement comes amid record outflows from spot Ether exchange-traded funds (ETFs). On Monday, data provider SoSoValue reported $465 million in net daily outflows from Ethereum-based ETFs, the highest recorded since their launch.
BlackRock’s iShares Ethereum Trust (ETHA) experienced the largest outflows, with nearly $375 million withdrawn. The Fidelity Ethereum Fund (FETH) followed with $55.11 million in daily outflows.
Source: SharpLink now holds almost $2B in Ether after $264.5 million buy
Source: SharpLink now holds almost $2B in Ether after $264.5 million buy