In simply three weeks, SharpLink’s ETH-per-share publicity jumped from 2.00 to 2.37. As soon as identified for sports activities betting tech, the corporate is now setting institutional benchmarks in crypto treasury administration, staking each coin, monitoring publicity, and elevating the bar.
In a press launch dated July 8, Minneapolis-based iGaming large SharpLink Gaming stated it now holds 205,634 Ethereum (ETH) tokens on its stability sheet, after buying one other 7,689 ETH within the first week of July at a median worth of $2,501 per token.
SharpLink’s aggressive crypto pivot earlier this yr noticed it purchase 176,270.69 ETH, price roughly $463 million on the time, as a part of its treasury transformation, a transfer that positioned the corporate because the world’s second-largest Ethereum holder, behind solely the Ethereum Basis.
Whereas this strategic shift mirrored a broader development amongst public firms embracing crypto treasury methods in 2025, SharpLink’s method has been notably extra complete than that of most friends.
Not like firms that dabble in crypto as a speculative facet wager, SharpLink has gone all-in—staking 100% of its holdings, optimizing yield by means of restaking, and introducing transparency metrics that give shareholders direct perception into its Ethereum publicity.
SharpLink’s ETH focus metric
SharpLink’s newest monetary disclosures reveal the corporate’s new ETH Focus metric, first launched in June to trace what number of Ethereum tokens the corporate holds per 1,000 assumed diluted shares excellent.
Whereas the metric sounds deceptively easy, its idea has weighty implications. Not like conventional diluted share calculations that account for potential fairness changes, SharpLink’s ETH Focus metric takes a maximalist method, counting all doable shares whereas excluding typical accounting caveats like vesting circumstances or train costs.
This creates what quantities to a worst-case state of affairs measurement, giving shareholders absolute readability about their minimal ETH publicity per share. For a market nonetheless grappling with worth crypto-heavy stability sheets, this degree of transparency may develop into a brand new normal.
As of July 4, SharpLink’s ETH focus stood at 2.37 ETH per 1,000 shares, up from 2.00 in early June, representing a 19% soar in simply three weeks.
SharpLink’s shares jumped 26% to $15.93 following the announcement, reflecting approval of each the corporate’s $19.2 million ETH buy final week and its plans to deploy one other $37.2 million from a $64 million capital elevate into further Ethereum acquisitions.
The market response suggests rising confidence in SharpLink’s twin method: aggressive accumulation paired with full utilization of staking protocols. As Ethereum solidifies its place on the middle of decentralized finance and institutional adoption, the corporate’s treasury technique could effectively develop into much less an outlier and extra a template.
For conventional buyers nonetheless cautious about crypto, that would make all of the distinction.
