Sharplink Boosts Ethereum Treasury Again

SharpLink Adds 10,000 ETH, Pushes Treasury to 886,725 Ether

SharpLink Gaming ($SBET) has purchased another 10,000 $ETH for its corporate treasury, lifting total holdings to 886,725 ETH. The company paid an average of $1,611 per ETH, marking its first publicly announced acquisition since October after eight months of no new purchases.

Alongside the ETH buy, SharpLink repurchased 2,132,773 shares of common stock at an average price of $4.69 per share. The buyback falls under an ongoing repurchase program that launched in August 2025. Since inception, the company has bought back more than 4 million shares in total.

The latest move was funded in part by a capital raise completed the week prior. SharpLink raised roughly $75 million through a registered direct offering on June 23, 2026, issuing shares and warrants to an institutional investor at a 41% premium to its closing price on June 18.

Treasury Structure and Strategy

SharpLink's 886,725 ETH holding is not held entirely as spot Ether. The total includes 632,719 native ETH, alongside ETH-equivalent positions through liquid staking tokens, specifically LsETH and weETH. That structure allows the company to maintain staking participation and preserve some liquidity while still counting the full exposure toward its treasury figure.

The core objective, according to CEO Joseph Chalom, is to grow ETH per share over time. Buying more ETH increases treasury exposure, while share repurchases reduce the outstanding count and lift each shareholder's effective claim on the ETH base. The dual approach mirrors the logic used by Strategy with Bitcoin, applied here to Ethereum.

SharpLink launched its Ethereum treasury strategy in May 2025, pivoting away from its original sports betting affiliate marketing business. The company is Nasdaq-listed and has Ethereum co-founder Joseph Lubin serving as chairman. Its treasury now places it among the largest publicly traded corporate holders of Ether globally.

Sources:
Bitcoin.com: Sharplink Adds 10,000 ETH as Corporate Treasury Grows to 886,725 Ether
FXStreet: Sharplink Makes First Treasury Purchase in 2026
Investing News Network: Sharplink Acquires 10,000 ETH, Bringing Total ETH Holdings to 886,725