- OTC deal for 4,951 ETH adds ~$12.4 M to SharpLink’s holdings
- Total Ethereum reserves now exceed ~193,000 ETH
- ETH mostly staked via Figment, earning ~3% annual yield
SharpLink Gaming, a Nasdaq-listed gaming marketing company, has made another significant crypto investment. On June 30, 2025, the firm acquired 4,951 ETH through an over-the-counter (OTC) deal valued at approximately $12.4 million. This follows a string of earlier Ethereum purchases, including 176,271 ETH in mid-June and 12,207 ETH acquired between June 16 and 20.
A Massive Treasury Buildup
This latest acquisition brings SharpLink’s total Ethereum holdings to over 193,000 ETH. The company is becoming a notable institutional player in the Ethereum ecosystem. The bulk of these ETH holdings are staked through Figment, a leading staking service provider, where they generate an estimated 3.03% annual yield. This dual approach — holding and staking — reflects a strategy to benefit both from Ethereum’s long-term appreciation and its staking rewards.
Why This Matters
- Institutional Confidence: While most institutions lean heavily on Bitcoin, SharpLink’s Ethereum-first approach signals growing confidence in Ethereum’s utility across decentralized finance, NFTs, and gaming applications.
- OTC Efficiency: Purchasing crypto through OTC desks allows SharpLink to avoid major price swings that could result from large public trades, preserving market stability.
- Yield Generation: By staking a significant portion of their holdings, the company is not only securing the Ethereum network but also earning passive income, reinforcing ETH’s value beyond price speculation.
🔮 What’s Ahead
SharpLink’s aggressive accumulation strategy positions it as one of the largest Ethereum-holding public companies. As institutional interest in Ethereum continues to grow, SharpLink could set a precedent for other firms seeking exposure to the broader crypto ecosystem.
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