SharpLink Gaming, a Nasdaq-listed sports betting platform, has significantly boosted its Ethereum holdings with a $667.4 million acquisition. The company purchased 143,593 ETH at an average price of $4,648 as the token traded above $4,700, according to an SEC filing.
Following the buy, SharpLink’s total Ether holdings stand at 740,760 ETH, worth approximately $3.2 billion at current market prices. The company has also generated 1,388 ETH in staking rewards, confirming that most of its Ether is actively deployed across staking and liquid staking protocols.
While this strategy strengthens its role in Ethereum’s proof-of-stake ecosystem, SharpLink cautioned that staking operations may be subject to regulatory shifts. The purchase comes shortly after SharpLink reported a $103 million net loss for Q2 2025, largely due to accounting impacts from liquid staked Ether (LsETH).
Despite the setback, the acquisition highlights SharpLink’s long-term conviction in Ethereum, especially as the network’s adoption and value continue to grow.
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