A Disciplined Acquisition Strategy

Crypto-focused firm Sharplink has significantly increased its Ethereum holdings with the recent acquisition of 19,271 ETH. The purchase, made at an average price of $3,892 per token, brings the company’s total treasury to 859,853 ETH, now valued at approximately $3.5 billion.

This strategic accumulation is funded in part by a successful $76.5 million equity raise, which was priced at a 12% premium over market rates. The move not only highlights strong investor confidence in Sharplink’s Ethereum-centric approach but also reinforces its position as one of the most ETH-concentrated public companies.

More Than Just Holding

Sharplink’s strategy isn’t passive. Since launching its treasury initiative on June 2, 2025, the company has already accumulated an additional 5,671 ETH through staking rewards, compounding its holdings and generating further value. This approach treats Ethereum as a productive asset rather than just a store of value.

The company maintains a strong financial position, holding $36.4 million in cash reserves and operating completely debt-free. This disciplined management has allowed Sharplink’s Ethereum concentration ratio—the proportion of its assets held in ETH—to double to 4.0, underscoring a deep commitment to its core digital asset.

A New Playbook for Corporate Treasuries

Sharplink’s method of balancing strategic acquisitions with robust liquidity management is setting a new standard for corporate crypto treasuries. By using digital assets as a primary treasury component, the company is pioneering a model that moves beyond traditional cash reserves, which are susceptible to inflation.

As Ethereum’s network continues to expand with layer-2 scaling and further Decentralized Finance (DeFi) integration, Sharplink is well-positioned to capitalize on both potential price appreciation and the network’s growing utility. Its transparent and disciplined strategy offers a clear blueprint for other institutions considering significant exposure to digital assets.