SharpLink Validates Its Broad Ethereum as Treasury Reserve Strategy

SharpLink Gaming, a tech company based in Minneapolis, has officially adopted Ethereum (ETH) as its main treasury asset. The move demonstrates SharpLink’s strong commitment to blockchain-based assets and its goal to lead in digital finance. 

SharpLink’s move to use Ethereum as a treasury asset is part of a growing trend. More companies are now adding cryptocurrencies to their balance sheets. 

SharpLink Unveils Bold ETH Strategy Backed by Big Industry Player 

On July 4, SharpLink revealed its plan in a post shared on X. The company wants to grow its ETH holdings, stake them on Ethereum’s proof-of-stake network, and increase the amount of ETH each investor owns.

To SharpLink, ETH is more than just a digital coin. It is a scarce and secure asset that can also earn rewards when staked. The company sees it as a smart long-term investment. This plan started in May 2025 with a $425 million private investment led by blockchain firm Consensys. 

The company used the funds to buy ETH. Joseph Lubin, Ethereum co-founder and Consensys CEO, also joined SharpLink’s board as Chairman. His support adds strong credibility to this strategy.

SharpLink’s Growing ETH Wallet

Since launching its ETH plan on June 2, SharpLink has rapidly built up its holdings. Between May 30 and June 12, the company purchased over 176,000 ETH, valued at $463 million. In mid-June, the firm added more than 12,000 ETH, bringing the total holdings to 188,478 ETH by June 24.

By July 1, SharpLink’s Ethereum treasury reached 198,478 ETH, all of which were actively staked and already generating returns. In just a few weeks, the company earned over 220 ETH in rewards. This proves its strategy is working and shows how digital assets can be productive.

Ethereum Price Shows Strength

The Ethereum market has responded positively in recent days. Between July 4 and 5, ETH increased by 2.2%, reaching a value above $2,530. Although there was a slight dip, it remained strong above $2,500.

At the time of writing, Ethereum is trading at $2,563.01, up 1.82% in the last 24 hours, according to CoinMarketCap data. Analysts say ETH has been rising since late June, and recent price action shows stability and growing demand.

SharpLink’s move is bold, but it is far from isolated. Other firms are also beginning to explore digital assets beyond Bitcoin, adding tokens such as Ethereum, Binance Coin (BNB), Solana (SOL), and XRP to their financial strategies. This marks a shift from Bitcoin-only strategies to a broader embrace of crypto diversity.