- SharpLink Gaming now holds 859,853 ETH, worth $3.5B.
- Staking rewards from the treasury have reached 5,671 ETH ($22M+).
- Joseph Lubin’s leadership and a $425M investment fuel SharpLink’s crypto pivot.
Minnesota-based SharpLink Gaming, originally an online gaming company, is rapidly transforming into a major player in Ethereum asset management. On Tuesday, the Nasdaq-listed firm announced it added 19,271 ETH to its treasury, raising total holdings to 859,853 ETH—worth roughly $3.5 billion despite recent market dips.
Ethereum Accumulation Continues
SharpLink’s move comes as Ethereum fell about 4% to $3,869.91. The company’s strategic pivot to an ether-denominated treasury in June has paid off steadily, with cumulative staking rewards reaching 5,671 ETH—equivalent to more than $22 million. This growth reflects the company’s commitment to long-term digital asset accumulation, even amid short-term market volatility.
Leadership and Institutional Backing
The company’s transformation accelerated in May 2025, when Joseph Lubin—Ethereum co-founder and Consensys CEO—was appointed SharpLink’s chairman. The appointment followed a $425 million private investment led by Consensys and other investors, signaling strong institutional confidence in SharpLink’s Ethereum strategy.
Despite these developments, SharpLink’s shares (ticker: SBET) saw a 2% decline to $14.35 on Tuesday, underlining the market’s cautious sentiment. Analysts, however, project significant upside potential, with some forecasting around 200% gains for the stock.
NEW: SharpLink acquired 19,271 ETH at an average price of $3,892, bringing total holdings to 859,853 ETH valued at $3.5B as of October 19, 2025.
— SharpLink (SBET) (@SharpLinkGaming) October 21, 2025
Key highlights for the week ending October 19, 2025:
– Raised $76.5M at a 12% premium to market
– Added 19,271 ETH at $3,892 avg.… pic.twitter.com/Y4Ewu4EiuF
Industry Position and Market Context
SharpLink now ranks as the second-largest Ethereum-based digital asset treasury after Bitmine Immersion. Overall, public companies’ Ethereum holdings surpass $16 billion, illustrating growing corporate adoption of crypto assets. SharpLink’s active accumulation and staking strategy highlights the increasing institutional integration of Ethereum in corporate portfolios.
Also Read: Ethereum 2025 Price Forecast: $7,500 Target from Standard Chartered
SharpLink Gaming’s decisive shift from online gaming to Ethereum treasury management underscores a broader trend of corporate crypto adoption. By steadily expanding its ETH holdings and leveraging staking rewards, the company is positioning itself as a leading institutional player in digital assets, even in a turbulent market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
