{"id":40662,"date":"2025-08-06T06:32:07","date_gmt":"2025-08-06T06:32:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40662"},"modified":"2025-08-06T06:32:07","modified_gmt":"2025-08-06T06:32:07","slug":"sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40662","title":{"rendered":"SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury"},"content":{"rendered":"<div>\n<p>The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value.<\/p>\n<p>Joe Lubin\u2019s Ether treasury firm <a href=\"https:\/\/x.com\/SharpLinkGaming\/status\/1952702049616802302\" data-wpel-link=\"external\" target=\"_blank\">acquired<\/a> 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/sharplink-now-largest-corporate-holder-of-eth-surpassing-ethereum-foundation\/\" data-wpel-link=\"internal\">SharpLink<\/a> stated that its ETH-per-share is now 3.66, up from 3.40 last week, and has increased 83% since it began the strategy on June 2.<\/p>\n<p>Additionally, its entire stash is staked and has earned 929 ETH worth more than $3.3 million in cumulative staking rewards so far.<\/p>\n<h2>Ether Treasuries Growing<\/h2>\n<p>SharpLink has targeted 1 million ETH for its first treasury milestone and is already over halfway there.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1,000,000 ETH is our first milestone<\/p>\n<p>The first of many<\/p>\n<p>We\u2019re halfway there<\/p>\n<p>Accelerate <a href=\"https:\/\/t.co\/AKrG1GQxta\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/AKrG1GQxta<\/a><\/p>\n<p>\u2014 SharpLink (SBET) (@SharpLinkGaming) <a href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1952764661356761545?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lubin <a href=\"https:\/\/x.com\/LineaBuild\/status\/1952807004789194782\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">described<\/a> ten years of uptime for <a href=\"https:\/\/cryptopotato.com\/ethereum-defies-correction-calls-as-analysts-eye-5000-target-by-august\/\" data-wpel-link=\"internal\">Ethereum<\/a> as a \u201cmainstream moment,\u201d adding that it is about to \u201cbreak through into mainstream culture,\u201d due to global regulations and financial institutions \u201cgetting very serious\u201d about building on the technology.<\/p>\n<blockquote>\n<p>\u201cStablecoins and Ether treasury companies are bringing Wall Street, or TradFi, onto DeFi so soon it\u2019ll just be called \u2018finance\u2019.\u201d<\/p>\n<\/blockquote>\n<p>Despite its aggressive accumulation of Ether, SharpLink is not the largest ETH treasury company, as that accolade goes to Bitmain Immersion Technologies. The Tom Lee-chaired firm holds 833,100 ETH worth almost $3 billion, <a href=\"https:\/\/www.strategicethreserve.xyz\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to EthStrategicReserve.<\/p>\n<p>Speaking on the Natalie Brunell podcast on Tuesday, Lee <a href=\"https:\/\/x.com\/natbrunell\/status\/1952782542085460285\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">said<\/a> there was no conflict between Bitcoin treasuries and Ethereum treasuries because they were both scarce (comparing them to Tesla and Palantir stocks).<\/p>\n<p>The first \u201ckiller app\u201d for crypto has emerged and is seeing widespread adoption, and that is stablecoins, he said. <a href=\"https:\/\/cryptopotato.com\/chainlink-connects-wall-street-to-blockchain-with-live-us-equity-and-etf-data\/\" data-wpel-link=\"internal\">Wall Street<\/a> is running to tokenize its entire system on the blockchain, and it requires smart contracts, he said before adding:<\/p>\n<blockquote>\n<p>\u201cThe biggest and most secure blockchain with no downtime is Ethereum, and it\u2019s legally compliant.\u201d<\/p>\n<\/blockquote>\n<p>The top three Ethereum treasury firms now hold 1.7 billion ETH, which equates to around 1.4% of the total supply.<\/p>\n<h2>ETH Price Outlook<\/h2>\n<p>ETH prices have taken a 2% hit on the day as crypto markets continue to cool off after July\u2019s massive rally.<\/p>\n<p>The asset had dipped to $3,575 during the Wednesday morning Asian trading session but remained within its three-week range-bound trading channel. However, a fall below $3,400 could see this momentum lost and a larger correction ensue.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury\/\">SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value. Joe Lubin\u2019s Ether treasury firm acquired 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3. SharpLink stated that its ETH-per-share is now 3.66, up from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40662","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40662"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40662\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}