{"id":8228,"date":"2025-08-19T15:57:07","date_gmt":"2025-08-19T15:57:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sharplink-grows-eth-treasury-while-stock-continues-to-tumble\/"},"modified":"2025-08-19T15:57:12","modified_gmt":"2025-08-19T15:57:12","slug":"sharplink-grows-eth-treasury-while-stock-continues-to-tumble","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sharplink-grows-eth-treasury-while-stock-continues-to-tumble\/","title":{"rendered":"SharpLink grows ETH treasury while stock continues to tumble"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SharpLink bought 143,593 ETH over the last week for an average price of $4,648 per ETH.<\/p>\n<div id=\"cn-block-summary-block_a404d05c98ac360c99f8650f09a15c17\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SharpLink acquired 143,593 ETH for $667.4 million in one week<\/li>\n<li>According to the filing, SharpLink owned 740,760 ETH by August 17, worth $3.2B<\/li>\n<li>The firm bought the ETH at $4,648, near its all-time high price<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethereum is becoming an increasingly popular treasury asset. On August 19, SharpLink Gaming reported 143,593 ETH in purchases, according to a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1981535\/000164117225024734\/form8-k.htm\" target=\"_blank\">filing<\/a> with the Securities and Exchange Commission. The company purchased the assets between August 10 and August 17, 2025, for $667.4 million, at an average price of $4,648 per ETH.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH<\/p>\n<p>Key highlights for the week ending Aug 17, 2025:<\/p>\n<p>\u2192 Raised $537M through ATM and direct offerings<br \/>\u2192 Added 143,593 ETH at ~$4,648 avg. price<br \/>\u2192 Staking rewards: 1,388 ETH since June 2 launch\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/GSe6XzSAwW\" target=\"_blank\">pic.twitter.com\/GSe6XzSAwW<\/a><\/p>\n<p>\u2014 SharpLink (SBET) (@SharpLinkGaming) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1957774817018692052?ref_src=twsrc%5Etfw\" target=\"_blank\">August 19, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The firm purchased the ETH at a time when the coin\u2019s price was near its all-time high. Still, despite the price, SharpLink continues to accelerate its purchases. According to the filing, the firm held 740,760 ETH on August 17, which is currently worth about $3.2 billion.<\/p>\n<p>The company also revealed that nearly all of its ETH is staked, including liquid staking. This enables the firm to generate passive rewards and further boost its holdings. So far, SharpLink has already earned 1,388 ETH through staking rewards.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">SharpLink stock falls despite ETH purchases <\/h2>\n<p>SharpLink continues to aggressively expand its Ethereum holdings. Still, the market doesn\u2019t always reward this strategy. In the past five days, SharpLink\u2019s stock, trading under the SBET ticker, fell 19.85%.<\/p>\n<p>Like most treasury stocks, SharpLink uses a mix of debt and equity financing to accumulate reserves. Effectively, this makes it a leveraged bet on Ethereum, which in turn makes it more volatile than the underlying asset.<\/p>\n<p>In the past five days, Ethereum fell from its multi-year high of $4,788.55 to $4,207.22. This was after the markets pulled back from an ETF-fueled rally. Ethereum\u2019s volatility is likely the reason why SharpLink\u2019s stock fell even more in value.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SharpLink bought 143,593 ETH over the last week for an average price of $4,648 per ETH. Summary SharpLink acquired 143,593 ETH for $667.4 million in one week According to the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8228"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8228\/revisions"}],"predecessor-version":[{"id":8229,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8228\/revisions\/8229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4021"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}