SharpLink's Ethereum Holdings surpassed 310,000, firmly securing the top position! SBET soared 20% in a single day.

SBET has been accumulating for three consecutive weeks, and the Holdings cost is revealed According to on-chain transaction records, Nasdaq-listed company SharpLink (stock code: SBET) has continuously increased its Holdings in Ethereum this week: Purchased 6,377 ETH at market price on July 17, costing $19.56 million. On July 15, invested $73 million to acquire 24,371 ETH. During the earlier period from July 7 to 13, the company made a large purchase of 74,656 ETH at an average price of $2,852, with a total investment of $213 million. Currently, its total Ethereum Holdings has reached 312,000 pieces, with a total value of 974 million dollars calculated at a market price of 3,122 dollars, surpassing the Ethereum Foundation's 725 million dollars, firmly establishing itself as the largest ETH Holdings institution.

Strategic Trading Directly to the Ethereum Core Layer A key operation has emerged during this accumulation wave: SharpLink directly acquired 10,000 ETH from the Ethereum Foundation through over-the-counter trading. Since May, the company has been continuously building positions through CEX bulk channels and OTC counters. CEO Rob Phythian confirmed that 99% of the ETH has been put into a re-staking protocol, participating in maintaining the security of the Ethereum network while generating returns.

Business Strategic Transformation Ethereum Becomes Core Reserve This sports betting technology company is undergoing a fundamental transformation: While maintaining its existing iGaming business, Ethereum will be established as a financial reserve asset. This decision stems from the $425 million private placement financing completed in May 2025, with investors including top crypto funds such as Pantera Capital and Electric Capital. Notably, Ethereum co-founder Joseph Lubin has been appointed as the chairman of the SharpLink board.

Holdings are about to peak as corporate allocation trends shift At the current average increase of 5,000 coins per day, SharpLink will surpass the Ethereum Foundation in 23 days, becoming the largest entity holding ETH. Rubin describes this move as the "Ethereum version of the MicroStrategy strategy," emphasizing the dual advantages of favorable U.S. policies and the programmable asset characteristics of Ethereum. This marks a shift in corporate funding from a single allocation in Bitcoin to the ETH ecosystem.

The capital market responds strongly, with floating profits exceeding 60 million The market has given positive feedback on this strategy: the company's stock price surged 14% in pre-market trading on the US stock market. Analysts pointed out that SharpLink's Holdings comprehensive cost is $2,921, which is a floating profit of 6.9% compared to the current market price, with unrealized gains of approximately $63 million. Based on an annual staking yield of 3.8% for Ethereum, its annual income could reach 11,856 ETH (approximately $37 million), covering 38% of the company's labor costs.

In-depth Analysis of Industry Impact SharpLink's aggressive Holdings strategy is triggering a chain reaction: The surge in corporate ETH allocation demand has driven the TVL of staking protocols like Lido to a historic high; The institutional direct connection trading model for foundations opens up new channels for the over-the-counter market. The behavior of Nasdaq-listed companies incorporating crypto assets into their financial reports is forcing the SEC to accelerate the development of accounting standards for tokens. Industry observers predict that more traditional enterprises will follow this strategy in the next three months.

Currently, there are 5 US companies that use ETH as a "strategic reserve":

· SharpLink Gaming (SBET):

· BitMine Immersion Technologies (BMNR):

· Bit Digital (BTBT)：

· Blockchain Technology Consensus Solutions (BTCS)：

· GameSquare (GAME).

The latest market data from Google shows that Sharplink Gaming Inc(SBET) is currently priced at $28.97, with a daily increase of 21.31%.