SharpLink, a listed company, increased its holdings by 56,533 ETH, bringing its total ETH holdings to approximately $3.7 billion.
2025/08/26 20:24
PANews reported on August 26 that SharpLink (NASDAQ: SBET) announced on the X platform that it had purchased 56,533 ETH at an average price of approximately $4,462. As of August 26, 2025, the company held 797,704 ETH, valued at approximately $3.7 billion. Key highlights for the week ending August 24, 2025: 1. $360.9 million in net proceeds were raised through ATM facilities last week. 2. Total staking rewards increased to 1,799 ETH since the launch of the treasury strategy on June 2, 2025. 3. Approximately $200 million in cash remains unused for ETH acquisitions. 4. The ETH concentration ratio based on cash conversions exceeded 4.00, an increase of over 100% since June 2, 2025.
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