Sharplink Gaming, the Nasdaq-listed company that has been in the news for a while with its Ethereum (ETH) purchase and is referred to as Ethereum's MicroStrategy, announced that it has purchased ETH again. Accordingly, the Nasdaq-listed company purchased 79,949 ETH worth $259 million at an average price of $3,238 between July 14-20. SharpLink Gaming (SBET), which surpassed the Ethereum Foundation in terms of ETH holdings with its previous acquisition, increased its total treasury to 360,807 ETH and became the firm that holds the most ETH. At this point, the company's ETH holdings increased by 29% compared to the previous week, making this purchase the highest weekly purchase historically. SharpLink added that since adopting Ethereum as its primary treasury reserve asset, it has staked over 99% of its assets and earned a total of 567 ETH in rewards. NEW: Sharplink now has 360,807 ETH Between July 14th and 20th, Sharplink purchased ~79,949 ETH for approximately $259 million at an average price of $3,238. This purchase marks the largest *weekly* ETH purchase to date. ETH per share (“ETH Concentration”) has increased by 53% since June 2nd to ~3.06 Approximately $96.6 million is available for future ETH purchases. Since the company launched its digital treasury strategy on June 2, 2025, total ETH staking rewards have increased to 567. SharpLink Gaming is among the companies that have been accumulating ETH using the strategy of the biggest Bitcoin bull Strategy. NEW: Sharplink now holds ~360,807 ETH Between July 14–20, Sharplink acquired ~79,949 ETH for ~$259M at an average price of ~$3,238 This buy marks the largest *weekly* ETH purchase to date ETH-per-share (“ETH Concentration”) has risen to ~3.06, up 53% since June 2 ~$96.6M… pic.twitter.com/Ed9n22ll9C — SBET (SharpLink Gaming) (@SharpLinkGaming) July 22, 2025 *This is not investment advice. Continue Reading: Ethereum's MicroStrategy Makes Its Biggest ETH Purchase Ever! "They Hold the Most ETH!"
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