In simply three weeks, SharpLink’s ETH-per-share publicity jumped from 2.00 to 2.37. As soon as recognized for sports activities betting tech, the corporate is now setting institutional benchmarks in crypto treasury administration, staking each coin, monitoring publicity, and elevating the bar.
In a press release dated July 8, Minneapolis-based iGaming big SharpLink Gaming stated it now holds 205,634 Ethereum (ETH) tokens on its steadiness sheet, after buying one other 7,689 ETH within the first week of July at a mean value of $2,501 per token.
SharpLink’s aggressive crypto pivot earlier this 12 months noticed it purchase 176,270.69 ETH, value roughly $463 million on the time, as a part of its treasury transformation, a transfer that positioned the corporate because the world’s second-largest Ethereum holder, behind solely the Ethereum Basis.
Whereas this strategic shift mirrored a broader development amongst public corporations embracing crypto treasury methods in 2025, SharpLink’s method has been notably extra complete than that of most friends.
In contrast to corporations that dabble in crypto as a speculative facet wager, SharpLink has gone all-in—staking 100% of its holdings, optimizing yield by restaking, and introducing transparency metrics that give shareholders direct perception into its Ethereum publicity.
SharpLink’s ETH focus metric
SharpLink’s newest monetary disclosures reveal the corporate’s new ETH Focus metric, first launched in June to trace what number of Ethereum tokens the corporate holds per 1,000 assumed diluted shares excellent.
Whereas the metric sounds deceptively easy, its idea has weighty implications. In contrast to conventional diluted share calculations that account for potential fairness changes, SharpLink’s ETH Focus metric takes a maximalist method, counting all attainable shares whereas excluding typical accounting caveats like vesting circumstances or train costs.
This creates what quantities to a worst-case situation measurement, giving shareholders absolute readability about their minimal ETH publicity per share. For a market nonetheless grappling with easy methods to worth crypto-heavy steadiness sheets, this stage of transparency might turn out to be a brand new normal.
As of July 4, SharpLink’s ETH focus stood at 2.37 ETH per 1,000 shares, up from 2.00 in early June, representing a 19% leap in simply three weeks.
SharpLink’s shares jumped 26% to $15.93 following the announcement, reflecting approval of each the corporate’s $19.2 million ETH buy final week and its plans to deploy one other $37.2 million from a $64 million capital elevate into extra Ethereum acquisitions.
The market response suggests rising confidence in SharpLink’s twin method: aggressive accumulation paired with full utilization of staking protocols. As Ethereum solidifies its place on the heart of decentralized finance and institutional adoption, the corporate’s treasury technique could properly turn out to be much less an outlier and extra a template.
For conventional buyers nonetheless cautious about crypto, that might make all of the distinction.
