Alongside this major purchase, the company raised an additional $79 million via an at-the-market (ATM) equity program, with most proceeds allocated directly to ETH accumulation. This aggressive expansion of SharpLink’s digital asset treasury marks a pivotal shift in the company’s financial strategy.
According to the official press release, over 95% of the acquired ETH is actively deployed in staking and liquid staking protocols. This approach not only contributes to the security and decentralization of the Ethereum network but also generates steady passive income streams for the company.
SharpLink CEO Rob Phythian characterized Ethereum as “the foundational infrastructure of tomorrow’s digital commerce.” He emphasized that designating ETH as a reserve asset signals SharpLink’s confidence in blockchain as a generator of long-term, productive capital.
Board Chairman and Ethereum co-founder Joseph Lubin described the initiative as a “trailblazing approach to institutional Ethereum adoption.” He highlighted the timing, noting growing momentum in the US for regulatory clarity on stablecoins and digital assets. This synergy, according to Lubin, underscores SharpLink’s move as both visionary and timely.
Notably, SharpLink is now the first Nasdaq-listed company to implement a treasury policy centered on Ethereum. By doing so, the company offers its shareholders direct exposure to ETH, setting a precedent for other public firms considering similar strategies in the digital asset space.
The company previously raised $425 million in early June 2025, earmarked for building its Ethereum reserve—demonstrating a long-term commitment to institutional blockchain adoption and treasury diversification.