Expanded Ethereum Treasury with SharpLink's Recent ETH Acquisition Reaches a Momentous Sum of $1.3 Billion
In a notable development, publicly traded companies such as SharpLink Gaming and BitMine Immersion are significantly increasing their Ethereum (ETH) holdings, with a collective total of approximately 1,002,666 ETH worth around $3.7 billion as of July 2025 [1].
Leading the pack is SharpLink Gaming, which holds about 360,807 ETH, valued at $1.33 billion. The company has primarily deployed its ETH holdings in staking and liquid staking platforms to generate yield, reflecting a strategic approach to hold ETH as a core treasury reserve [1][4]. SharpLink Gaming acquired ETH at an average price of $3,238, realizing an unrealized gain of 29% [1].
BitMine Immersion, backed by Peter Thiel, has made rapid acquisitions, holding 566,776 ETH valued over $2 billion. The firm aims to acquire and stake 5% of all ether supply, focusing on increasing ETH-per-share through staking, reinvestment, and active treasury management [3]. BitMine Immersion debuted its Ethereum holding strategy earlier this month.
Bit Digital, another publicly traded company, is also part of this cohort, though less detailed information is available. However, Bit Digital purchased approximately 19,683 ETH last Friday, bringing its total holdings to about 120,306 Ethereum worth nearly $70 million [2]. Notably, Bit Digital and BitMine Immersion are among a number of companies moving from Bitcoin mining to Ethereum holding in recent weeks.
The trend indicates a strong institutional appetite for Ethereum as a treasury asset, with companies rapidly increasing their ETH holdings for capital appreciation and staking income. The aggregate ETH held by public firms has risen sharply in the weeks leading to July 2025, signaling growing confidence in ETH’s role beyond just a blockchain platform into mainstream corporate treasury management [2][3][1].
SharpLink Gaming announced a planned increase in its stock sale from $1 billion to $6 billion to boost ETH holdings. Over the past month, SharpLink's stock has increased by 206%, with its shares trading at nearly $28, up by over 10% [5]. SharpLink's chairman and founder, Joseph Lubin, stated the company's aim to continue enhancing ETH concentration and shareholder value.
It's worth noting that this trend is not limited to Ethereum. Strategy, formerly MicroStrategy, shifted from software development to Bitcoin purchasing in 2020 and now holds roughly $72 billion in BTC [6].
As the digital asset market continues to evolve, the strategic deployment of Ethereum by publicly traded companies underscores its growing importance and potential within the corporate world.
[1] Source: Walrus Daily Debrief Newsletter [2] Source: Decrypt [3] Source: CoinDesk [4] Source: Bloomberg [5] Source: MarketWatch [6] Source: Fortune
(Disclosure: Consensys, where Joseph Lubin is the CEO, is one of the investors in Decrypt, the publication reporting this news.)
- SharpLink Gaming, a gaming company, holds approximately 360,807 ETH, worth around $1.33 billion, and has primarily used these holdings for staking and liquid staking platforms.
- BitMine Immersion, backed by Peter Thiel, aims to acquire and stake 5% of all ether supply, focusing on increasing ETH-per-share through staking, reinvestment, and active treasury management.
- Bit Digital, another publicly traded company, purchased approximately 19,683 ETH last Friday, bringing its total holdings to about 120,306 Ethereum worth nearly $70 million.
- The trend of publicly traded companies significantly increasing their ETH holdings for capital appreciation and staking income has risen sharply in the weeks leading to July 2025.
- SharpLink Gaming, in response to the growing ETH holdings, announced a planned increase in its stock sale from $1 billion to $6 billion to boost ETH holdings.
- Strategy, formerly MicroStrategy, has shifted from software development to Bitcoin purchasing in 2020 and now holds roughly $72 billion in BTC.
- The strategic deployment of Ethereum by publicly traded companies underscores its growing importance and potential within the corporate world, as the digital asset market continues to evolve.
