- SharpLink acquired 77,210 ETH, raising its total to 438,017 ETH worth $1.69B, solidifying its position as the top public ETH holder.
- The firm shifts to Ethereum staking, aiming to earn yield and support Ethereum’s Proof-of-Stake infrastructure.
- Ex BlackRock executive Joseph Chalom joins as Co-CEO to steer SharpLink’s Ethereum based finance and gaming strategy.
SharpLink Gaming has continued its Ethereum buying with a substantial new accumulation of 77,210 ETH. According to data from Onchain Lens, the firm received an additional 38,606 ETH valued at $147 million. This follows previous acquisitions, pushing its total to $295 million in new ETH purchases.
SharpLink now controls 438,017 ETH, currently valued at approximately $1.69 billion. The move supports SharpLink’s position as the largest publicly listed ETH treasury holder and indicates its continued strategic investment in Ethereum’s changing role within decentralized markets.
Staking Strategy a Change From Traditional Holding Models
This latest ETH addition comes as SharpLink leans toward active network acivity by staking its holdings. The firm’s strategy aims to generate consistent yield while directly contributing to Ethereum’s Proof-of-Stake infrastructure.
This approach contrasts with passive treasury holdings and shows a broader effort to restructure corporate finance through blockchain based assets. This staking move coincides with SharpLink recent financial developments, including expanding its stock sale limit to $6B.
ETH acquisition is part of a wider realignment that integrates Ethereum’s capabilities into long term revenue strategies. The timing aligns with Ethereum’s post Merge PoS model, which has drawn increased institutional attention due to its staking potential.
Ethereum’s Web3 Utility Aligns With Gaming Integration
Ethereum is the second largest digital asset by market cap and is important in decentralized application development. SharpLink’s growing ETH treasury supports its focus on blockchain gaming, an area where Ethereum’s infrastructure powers most Web3 applications, including DeFi and NFT based markets.
The firm’s move shows an understanding of crypto mechanics, using staking to enhance capital efficiency. With Ethereum’s network transition enabling yield generation, SharpLink’s holdings could drive further integration between gaming and decentralized infrastructure. Moreover, its ETH position equals nearly 10% of the total staked ETH supply, signaling scale and significance for the broader market.
Former BlackRock Executive Joins SharpLink as Co-CEO
Notably, SharpLink’s strategic expansion now includes new leadership. Joseph Chalom, a former BlackRock executive, has been appointed as Co-CEO. He previously played a key role in launching the iShares Bitcoin Trust, Ethereum Trust, and BUIDL, the first tokenized U.S. Treasury fund on Ethereum.
Chalom stated that SharpLink’s direction aligns with building decentralized financial infrastructure. His entry adds institutional experience as the company scales its blockchain ambitions. This leadership addition strengthens SharpLink’s shift toward staking and Ethereum based finance as part of its broader operational roadmap.
