**Summary:**
– SharpLink significantly increased its Ethereum assets by acquiring 79,949 ETH within a week, marking its largest crypto investment to date.
– Over 99.7% of SharpLink’s 360,000 ETH assets are now being staked.
– The company has $96.6 million in unused funds, potentially for further Ethereum purchases.
– The Genius Act’s clear crypto guidelines bolster SharpLink’s assertive Ethereum strategy.
**Full Article:**
SharpLink Gaming has made a notable move in the cryptocurrency space by boosting its Ethereum holdings to over 360,000, reflecting a strategic shift in its digital asset approach. Unlike competitors who are hesitant, SharpLink is fully committing by staking almost all its Ethereum, redefining corporate cryptocurrency management.
**Massive ETH Acquisition Spree**
From July 14 to 20, SharpLink purchased nearly 80,000 ETH, spending about $258 million at an average price of $3,238. This acquisition increased its Ethereum holdings by 29% in just one week, part of its digital treasury strategy initiated on June 2. Since then, SharpLink has earned 567 ETH from staking rewards, increasing its Ethereum focus by 53%.
The company is leveraging its At-The-Market (ATM) share offering to fund these acquisitions, raising $96.6 million during this period, which remains earmarked for additional Ethereum investments. Joseph Lubin, SharpLink’s chairman and Ethereum co-founder, emphasized that the ATM tool enhances their Ethereum strategy and shareholder value by allowing purchases at optimal price points.
**Staking for Yield**
Currently, 99.7% of SharpLink’s Ethereum is staked, not just as a storage option but as a strategy to generate yield. The approach has drawn attention from crypto analysts who see this as part of a growing Ethereum narrative, often referred to as “digital gold 2.0.”
The enactment of the Genius Act, signed into law by President Trump, further supports this strategy by providing clear crypto regulations, enabling SharpLink’s actions. The company views this law as removing previous regulatory obstacles, positioning Ethereum’s network as a key driver for digital growth.
SharpLink is not waiting for the market to dictate terms; it is actively shaping its future by accumulating Ethereum and creating long-term network advantages, setting itself apart from those merely discussing cryptocurrency.
