In a bold move that cements its position as the largest corporate holder of Ethereum (ETH), SharpLink Gaming has significantly expanded its stock sale program to fund ETH purchases, targeting a massive $6 billion in equity sales.
$6 Billion Stock Sale to Power ETH Accumulation
SharpLink Gaming, a publicly traded affiliate marketing company, has updated its equity offering to include an additional $5 billion in common stock, on top of the $1 billion previously authorized in May. So far, the company has already raised $721 million, with another $279 million available from the earlier approval.
This latest filing with the U.S. Securities and Exchange Commission (SEC) outlines SharpLink’s clear ambition to raise capital to deepen its Ethereum holdings, positioning ETH as a core asset in its corporate treasury.
Holding Over 321,000 ETH Worth $1.1 Billion
As of July 2025, SharpLink now holds over 321,000 ETH, valued at approximately $1.1 billion at current market prices. This aggressive strategy mimics the early moves of MicroStrategy with Bitcoin, but with a sharp focus on Ethereum instead.
The company’s ETH balance surged significantly following a $425 million private placement completed in June. That round was led by key industry players and marked a strategic milestone as Ethereum co-founder Joseph Lubin joined SharpLink as chairman of the board.
Ethereum as the Core Treasury Reserve
SharpLink’s approach marks one of the most notable corporate crypto strategies in history, as it commits to Ethereum not just for potential gains but as a primary treasury reserve asset. The firm has publicly stated that it intends to stake and restake its ETH, thereby locking a significant portion of it out of circulation.
This strategy could contribute to increased ETH scarcity, potentially influencing market supply dynamics in the long term. It also signals rising confidence among institutional players in Ethereum’s future as a financial infrastructure layer and digital asset of value.
A New Era of Corporate Crypto Adoption
SharpLink’s expanded stock issuance and its rapidly growing Ethereum reserves illustrate a transformative shift in corporate treasury management. As traditional companies seek alternatives to cash and inflation-prone assets, Ethereum is emerging as a serious contender for long-term store-of-value roles.
This move is expected to inspire other publicly listed firms to consider ETH as a part of their financial strategies, especially as on-chain finance, staking, and restaking gain mainstream traction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.