NASDAQ-listed company SharpLink Gaming has picked up an additional 6,377 ETH for $19.56 million on Wednesday, as per an X post by analytics firm Lookonchain.
This purchase follows a week of heavy ETH accumulation, with a total purchase of 91,330 ETH for $275 million, as more companies now consider the crypto—alongside Bitcoin—as a suitable asset for their treasury strategy.
SharpLink(@SharpLinkGaming) bought another 6,377 $ETH($19.56M) today.
In the past 7 days, they've accumulated 91,330 $ETH($275M).https://t.co/8pOfvpDWym pic.twitter.com/NGepBvYcP4— Lookonchain (@lookonchain) July 16, 2025
The company’s press reports show SharpLink Gaming became the largest corporate holder of Ethereum on July 13 after snagging up 74,656 ETH at an average price of $2,852. To support its fast-paced acquisition of Ethereum, SharpLink Gaming raised $413 million in net proceeds through an ATM facility (At-The-Market) by issuing 24.5 million shares of common stock.
The company still has to commit an additional $257 million towards Ethereum purchases. 99.7% of all Ethereum owned by SharpLink is locked into staking protocols.
Source: Google Finance
Source: Coinmarketcap.com
Ethereum’s price was up by 6.23%, trading at $3,168.