Stock prices for SharpLink surge, only to plummet again after a $400 million agreement is announced to bolster Ethereum's reserve funds.
In the dynamic world of cryptocurrency, Ethereum continues to capture the attention of global institutional investors. As of August 10, SharpLink Gaming, a prominent player in the industry, held 598,800 ETH, a significant portion of the total Ethereum supply.
The corporate Ethereum treasury boom is evident, with publicly traded companies reportedly holding between 1.45% (approximately 2.4 million ETH) and over 3% (3.7 million ETH) of the total Ethereum supply. These figures have risen sharply due to new corporate entrants and strategic treasury accumulation. Some forecasts suggest that corporate holdings could rise up to nearly 8% of total supply, reflecting significant growth throughout 2025.
Standard Chartered, a leading financial services company, reported in mid-2025 that corporate Ethereum holdings had crossed 1% of the total supply, driven by the appeal of staking rewards (approximately 3% annually) and DeFi integration. This trend of institutional adoption has been on the rise, with firms like BitMine Immersion Technologies leading the charge, holding over 1.5 million ETH with ambitions to acquire up to 5% of the total ETH supply.
SharpLink co-CEO Joseph Chalom commented on the speed and scale of these investments, stating that they reflect investor trust in SharpLink and the growing recognition of Ethereum's transformative potential. In line with this trend, SharpLink Gaming announced its intention to sell its shares for $21.76 each to five global institutional investors. This latest deal is part of the company's efforts to accumulate 1% of Ethereum's total circulating supply, or over 1.2 million ETH.
The sale, expected to close on Tuesday, August 12, if all closing conditions are met, is part of SharpLink's strategy to raise an additional $400 million to expand its Ethereum treasury. The specific global institutional investors involved in SharpLink's share sale have not been named. As of the time of writing, the tokens held by SharpLink are worth over $2.5 billion.
In the past week, Ethereum has increased by 13.5%, and more than 43% over the last month. Despite this growth, Ethereum is currently 13% below its record price of $4,878. However, more than 75% of users on crypto-native prediction market Myriad believe that Ethereum will surpass its record price before the end of the year. The current trading price of Ethereum stands at $4,220.
Shares of SharpLink Gaming fluctuated significantly throughout the day, starting at around $24, jumping to $28, and ending the trading day down more than 6.6% to $22.34. As the cryptocurrency market continues to evolve, the role of institutional investors in shaping its trajectory remains a key factor to watch.
Read also:
- EA Relies on Madden and Battlefield to Drive Microtransactions Recovery
- Expense for Creating a Digital Platform for Fantasy Sports
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
- Industries Under Jeopardy Due to Multi-Accounting: Prevention Strategies Revealed in 2024
