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The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value.<\/p>\n
Joe Lubin\u2019s Ether treasury firm acquired<\/a> 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3.<\/p>\n SharpLink<\/a> stated that its ETH-per-share is now 3.66, up from 3.40 last week, and has increased 83% since it began the strategy on June 2.<\/p>\n Additionally, its entire stash is staked and has earned 929 ETH worth more than $3.3 million in cumulative staking rewards so far.<\/p>\n SharpLink has targeted 1 million ETH for its first treasury milestone and is already over halfway there.<\/p>\n 1,000,000 ETH is our first milestone<\/p>\n The first of many<\/p>\n We\u2019re halfway there<\/p>\n Accelerate pic.twitter.com\/AKrG1GQxta<\/a><\/p>\n \u2014 SharpLink (SBET) (@SharpLinkGaming) August 5, 2025<\/a><\/p>\n<\/blockquote>\n Lubin described<\/a> ten years of uptime for Ethereum<\/a> as a \u201cmainstream moment,\u201d adding that it is about to \u201cbreak through into mainstream culture,\u201d due to global regulations and financial institutions \u201cgetting very serious\u201d about building on the technology.<\/p>\n \u201cStablecoins and Ether treasury companies are bringing Wall Street, or TradFi, onto DeFi so soon it\u2019ll just be called \u2018finance\u2019.\u201d<\/p>\n<\/blockquote>\n Despite its aggressive accumulation of Ether, SharpLink is not the largest ETH treasury company, as that accolade goes to Bitmain Immersion Technologies. The Tom Lee-chaired firm holds 833,100 ETH worth almost $3 billion, according<\/a> to EthStrategicReserve.<\/p>\n Speaking on the Natalie Brunell podcast on Tuesday, Lee said<\/a> there was no conflict between Bitcoin treasuries and Ethereum treasuries because they were both scarce (comparing them to Tesla and Palantir stocks).<\/p>\n The first \u201ckiller app\u201d for crypto has emerged and is seeing widespread adoption, and that is stablecoins, he said. Wall Street<\/a> is running to tokenize its entire system on the blockchain, and it requires smart contracts, he said before adding:<\/p>\n \u201cThe biggest and most secure blockchain with no downtime is Ethereum, and it\u2019s legally compliant.\u201d<\/p>\n<\/blockquote>\n The top three Ethereum treasury firms now hold 1.7 billion ETH, which equates to around 1.4% of the total supply.<\/p>\n ETH prices have taken a 2% hit on the day as crypto markets continue to cool off after July\u2019s massive rally.<\/p>\n The asset had dipped to $3,575 during the Wednesday morning Asian trading session but remained within its three-week range-bound trading channel. However, a fall below $3,400 could see this momentum lost and a larger correction ensue.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nEther Treasuries Growing<\/h2>\n
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