SharpLink Gaming (Nasdaq: SBET), the largest publicly traded holder of ethereum, has announced an increase in its total holdings to 188,478 ETH, acquiring an additional 12,207 ether for approximately $30.67 million at an average price of $2,513 per coin between June 16 and June 20, 2025.
Ethereum Treasury Company Sharplink Gaming Expands Holdings to 188,478 ETH
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During the same period, the company raised about $27.7 million in net proceeds through its At-The-Market facility by selling 2,547,180 shares of common stock, with plans to use a majority of the proceeds to further enhance its ETH treasury. As of June 20, 2025, all of Sharplink’s ETH holdings have been deployed in staking solutions, generating 120 ETH in rewards since the launch of its ETH-focused treasury strategy on June 2, 2025. Joseph Lubin, Chairman of the Board, emphasized the company’s commitment to creating long-term value for stockholders by positioning Sharplink at the forefront of blockchain advancement. CEO Rob Phythian reiterated the company’s dedication to leveraging blockchain technologies to support its growth trajectory and treasury foundation.
