Catenaa, Saturday, October 25, 2025- SharpLink Gaming boosted its Ethereum holdings by 19,271 ETH, spending roughly $75 million and raising its total balance to 859,853 ETH, valued at about $3.5 billion.
The Minnesota-based digital asset treasury has earned 5,671 ETH in cumulative staking rewards, worth over $22 million, since launching its ether-denominated strategy in June. Ethereum recently dipped about 4% to $3,869.91.
SharpLink’s pivot from online gaming to Ethereum treasury management follows a $425 million private investment round led by Consensys. Joseph Lubin, Ethereum co-founder and Consensys founder, became SharpLink’s chairman in May 2025.
The Nasdaq-listed company’s shares (SBET) fell about 2% to $14.35 Tuesday morning, continuing a decline from last week despite analysts projecting roughly 200% upside. SharpLink now ranks as the second-largest Ethereum-based digital asset treasury after Bitmine Immersion.
Public companies currently hold Ethereum valued at over $16 billion. SharpLink’s move reflects growing corporate interest in ether as both a treasury asset and a staking opportunity.
