{"id":8893,"date":"2025-08-26T14:59:43","date_gmt":"2025-08-26T14:59:43","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sharplink-adds-56533-eth-in-a-week-topping-3-6b-in-ethereum-reserves\/"},"modified":"2025-08-26T14:59:53","modified_gmt":"2025-08-26T14:59:53","slug":"sharplink-adds-56533-eth-in-a-week-topping-3-6b-in-ethereum-reserves","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sharplink-adds-56533-eth-in-a-week-topping-3-6b-in-ethereum-reserves\/","title":{"rendered":"SharpLink adds 56,533 ETH in a week, topping $3.6B in Ethereum reserves"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum treasury firm SharpLink continues to accelerate its ETH purchases, accumulating a $3B treasury. <\/p>\n<div id=\"cn-block-summary-block_fabb5fee451c348c5e947b9991a3c293\" 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\u2019s Ethereum reserves rose to almost 800,000, valued at $3.6 billion<\/li>\n<li>Over the last week, the company raised an additional $360.9 million for ETH purchases<\/li>\n<li>The company still has $200 million in cash reserves for buying ETH<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>SharpLink continues to aggressively accumulate Ethereum (ETH). On Tuesday, August 26, SharpLink announced an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.sharplink.com\/sharplink-announces-total-eth-holdings-increased-to-797704-as-of-august-24-2025-raised-360-9-million-in-net-proceeds-for-week-of-august-18-august-22-2025\/\" target=\"_blank\">update<\/a> for the week ending on August 24. During the week, the company raised $360.9 million in net proceeds through its at-the-market share sales. The company also acquired 56,533 ETH in that period, at an average purchase price of $4,462. <\/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 56,533 ETH at ~$4,462. As of 8\/26\/2025 we hold 797,704 ETH valued at ~$3.7B<\/p>\n<p>Key Highlights for the Week Ending August 24, 2025:<\/p>\n<p>\u2022 $360.9M in net proceeds were raised through the ATM facility this past week.<br \/>\u2022 Total staking rewards rose to 1,799 ETH\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/Kb4AKulf6f\">pic.twitter.com\/Kb4AKulf6f<\/a><\/p>\n<p>\u2014 SharpLink (SBET) (@SharpLinkGaming) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1960313701317419149?ref_src=twsrc%5Etfw\" target=\"_blank\">August 26, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>What is more, at the end of the week, the company\u2019s ETH holdings rose to 797,704, currently valued at about $3.6 billion. Thanks to these reserves, the company has accumulated 1,799 ETH in staking rewards since it started accumulating Ethereum on June 2. <\/p>\n<p>For now, SharpLink seems to be continuing its aggressive treasury accumulation. The company is planning more Ethereum purchases, and currently has about $200 million in cash reserves for that purpose.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">SharpLink ATM sales threaten to dilute shares<\/h2>\n<p>So far, SharpLink has funded its ETH treasury by offering the company\u2019s shares through an at-the-market facility. While the operation enabled the company to raise significant capital, it also flooded the market with its shares.  <\/p>\n<p>Since the July peak at $37.38, SharpLink\u2019s share price has almost halved, and its stock is currently trading at $19.83. For this reason, the company has recently announced a move to support the share price with buybacks.<\/p>\n<p>Namely, on August 22, the company revealed that its Board of Directors <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investors.sharplink.com\/sharplink-authorizes-1-5-billion-stock-buyback-program\/\" target=\"_blank\">approved<\/a> allocating up to $1.5 billion in a stock repurchase program. This program will go into effect if the stock starts trading below the net asset value of its ETH holdings, to realign it with fundamentals. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum treasury firm SharpLink continues to accelerate its ETH purchases, accumulating a $3B treasury. Summary SharpLink\u2019s Ethereum reserves rose to almost 800,000, valued at $3.6 billion Over the last week,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8893","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\/8893","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=8893"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8893\/revisions"}],"predecessor-version":[{"id":8894,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8893\/revisions\/8894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/115"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}