TLDR
- SBET surges 10% as ETH stash hits record high after $96.6M capital injection.
- SharpLink boosts ETH holdings by 29%, riding high on Genius Act momentum.
- SBET triples ETH reserves in a month, fueled by ATM raise and bullish outlook.
- SharpLink’s ETH-heavy treasury strategy gains steam with a boost in legal clarity.
- SBET eyes blockchain’s future as the ETH concentration ratio climbs to an all-time high.
SharpLink Gaming, Inc. (SBET) is trading at $27.78 as of 10:41:19 AM EDT, reflecting a notable increase of $2.53 or 10.06% for the day. The intraday chart shows a sharp upward movement with a peak near $28.22 shortly before 11:00 AM.
ETH Holdings Surge to Record Levels
SBET increased its Ether holdings by 29% during the week of July 14–20, reaching 360,807 ETH. This marks the company’s highest-ever weekly ETH acquisition, with 79,949 ETH added at an average price of $3,238. The Ether concentration ratio climbed to 3.06, signaling deeper integration of ETH into its treasury structure.
This sharp rise followed the $96.6 million raised through the company’s At-The-Market (ATM) facility, which remains partially undeployed. ETH staking rewards also increased to 567, highlighting steady growth since SBET began its digital treasury strategy on June 2, 2025. The company is now the largest corporate holder of ETH, reinforcing its long-term blockchain ambitions.
Capital allocation through the ATM program has been strategic, with notable activity over recent weeks. SBET issued 3.8 million shares to raise this week’s funds and aims to maintain ETH purchasing momentum. As a result, ETH remains central to its financial planning and asset reserve model.
Genius Act Enhances Regulatory Environment
The recent signing of the Genius Act into law has created a more supportive environment for blockchain-based businesses in the U.S. This legislation introduces regulatory clarity for digital assets, smart contracts, and decentralized technologies. SBET responded positively, emphasizing the Act’s role in accelerating its digital asset strategy.
By removing uncertainty, the Genius Act enhances confidence in the long-term use of Ethereum within U.S.-based corporate structures. It sets the stage for broader institutional participation and technological adoption across digital finance. SBET sees this as a pivotal moment for growth, innovation, and blockchain integration.
This favorable legal landscape strengthens SharpLink’s ability to operate within a clearly defined digital framework. It expects new opportunities for expansion, development, and mainstream acceptance of Ethereum-powered financial structures. The company continues to push forward, positioning itself at the center of the evolving blockchain economy.
Strategic ETH Treasury Management Continues
SBET has demonstrated consistent execution in building its ETH reserves through targeted purchasing and structured funding. Over four consecutive weeks, the company acquired 171.8K ETH, more than tripling its holdings in less than a month. This capital infusion reflects a deliberate approach to treasury diversification and digital asset exposure.
Its average ETH purchase prices rose each week, showing strategic timing and market responsiveness. The ETH concentration ratio, up 53% since the strategy began, further reflects commitment to a crypto-focused reserve. SBET plans to use remaining ATM proceeds to further increase its ETH position.
This consistent execution aligns with the company’s broader objective of reshaping its financial infrastructure. Through Web3, DeFi protocols, and Ethereum smart contracts, SBET continues to reimagine gaming, finance, and blockchain. Its ETH-centered strategy remains the cornerstone of this transformation.
