The post SharpLink Expands Ethereum Treasury to 837,230 ETH appeared on BitcoinEthereumNews.com.

SharpLink Gaming (SBET) disclosed that it purchased more than $176 million in ETH during the final week of August. The acquisition raised its total stash to 837,230 ETH, valued at nearly $3.6 billion as of August 31. While its ETH strategy draws attention, the company’s stock performance has offered little excitement for investors, particularly as September began with a waning risk appetite for equities and other volatile assets. SharpLink’s $176 Million Ether Buying Spree SharpLink, the Minnesota-based firm, bought 39,008 ETH between August 25 and August 31 at an average price of $4,531. The purchases were partly funded by $46.6 million raised through its at-the-market (ATM) equity program. Sponsored Sponsored SharpLink reported its ETH concentration ratio—measuring digital assets relative to cash—jumped to 3.94, nearly doubling since early June. At this level, the company holds close to four dollars of ether for every dollar of cash on hand, assuming full deployment of its remaining $71.6 million liquidity. NEW: SharpLink acquired 39,008 ETH at an average price of ~$4,531, bringing total holdings to 837,230 ETH, valued at ~$3.6B. Key highlights for the week ending Aug 31st, 2025: → Raised $46.6M through the ATM facility→ Added 39,008 ETH at ~$4,531 avg. price→ Staking… pic.twitter.com/dy7x1Ux0NY — SharpLink (SBET) (@SharpLinkGaming) September 2, 2025 Cumulative staking rewards have reached 2,318 ETH since the firm launched its Ethereum-denominated treasury strategy on June 2. Co-CEO Joseph Chalom said, “We continue to execute our treasury strategy with precision, growing our ETH holdings and consistently earning staking rewards. We remain opportunistic in our capital raising initiatives and will closely monitor market conditions to maximize shareholder value.” Weekly ETH and Capital Summary / Source: SharpLink SharpLink’s transformation into an Ethereum treasury vehicle accelerated in May after a $425 million private investment round led by Consensys, Galaxy Digital, ParaFi Capital, Ondo, and…

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Filed under: News - @ September 3, 2025 3:27 am