SharpLink's Ethereum Holdings Surpass $3.2 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 16 2025
SharpLink's Strategic Shift: SharpLink Gaming has pivoted to Ethereum as its primary reserve asset, holding 728,804 ETH valued at over $3.2 billion, marking a significant corporate shift in digital asset strategy under the leadership of Joseph Lubin and Joseph Chalom.
Market Reactions and Implications: Following this announcement, SharpLink's stock dropped by 15% due to market volatility and a substantial non-cash impairment on staked ETH, highlighting potential ripple effects on Ethereum's network value and prompting other firms to consider similar treasury strategies.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
