SharpLink Strengthens Ethereum Reserves
Minnesota-based SharpLink Gaming has strengthened its Ethereum reserves despite the recent market dip. The Nasdaq-listed company disclosed that it added 19,271 ETH to its digital asset balance sheet, pushing total holdings to 859,853 ETH.
Based on Ethereum’s current market value of $3,869.91, the treasury now stands at approximately $3.5 billion, maintaining similar valuation levels from the previous month.
Besides expanding its holdings, SharpLink revealed that cumulative staking rewards have reached 5,671 ETH, valued at over $22 million. The firm began its Ethereum-denominated treasury strategy in June after pivoting from online gaming.
This move marked a major shift in its corporate direction as it embraced blockchain-based asset management.
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.
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— SharpLink (SBET) (@SharpLinkGaming) October 21, 2025
Leadership Boost and Market Reaction
Adding to its growing crypto profile, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, was appointed Chairman of SharpLink in May 2025. His appointment followed a $425 million private investment led by Consensys and several other investors.
This leadership change signaled deeper alignment with the Ethereum ecosystem and bolstered investor interest in the company’s new strategic focus.
However, SharpLink’s stock performance did not mirror its asset growth. Shares of the company, traded under the ticker symbol SBET, dropped about 2% to $14.35 on Tuesday morning, according to Yahoo Finance. The decline came even as market analysts projected a potential upside of nearly 200% for the stock.
Institutional Confidence in Ethereum’s Future
Moreover, Ethereum’s 4% slide on the same day weighed on sentiment across related digital assets. SharpLink’s consistent accumulation and staking rewards, however, highlight its confidence in Ethereum’s long-term potential despite short-term price fluctuations.
Rising Role in the Ethereum Treasury Landscape
Currently, SharpLink ranks as the second-largest Ethereum-based digital asset treasury, following Bitmine Immersion. Public companies collectively hold Ethereum worth over $16 billion, reflecting a growing institutional trend toward blockchain-based asset diversification.
Consequently, SharpLink’s aggressive accumulation underscores the rising confidence of institutions in Ethereum as a strategic treasury reserve, signaling a broader shift toward digital assets within corporate balance sheets.

