Sharplink Expands ETH Holdings to $3.5 Billion With Addition of 19,000 ETH

CN
3 hours ago

Treasury Growth Sees Sharplink’s ETH Stack Hit 859,853 Tokens

Sharplink’s ethereum-focused treasury strategy continues to gain momentum. As of Oct. 19, the company reported total ETH holdings of 859,853, valued at roughly $3.5 billion. This follows the purchase of an additional 19,271 ETH at an average price of $3,892.

The move comes on the heels of a successful $76.5 million equity raise, priced at a 12% premium to market. Since launching its ethereum treasury program on June 2, the company has generated 5,671 ETH in staking rewards, further compounding value for shareholders.

Sharplink now holds $36.4 million in cash and continues to operate without debt, positioning itself as one of the most ETH-concentrated public companies in the market. Its ETH concentration ratio has doubled to 4.0 since June, a metric the company says reflects its “accretive execution and disciplined treasury management.”

By strategically accumulating ETH while maintaining liquidity and premium-backed capital raises, Sharplink is executing a rare combination of growth and prudence. The company’s consistent performance highlights a broader trend of leveraging productive crypto assets like ethereum to balance yield generation and long-term value creation.

FAQ 🧭

  • How much ethereum does Sharplink now hold?
    Sharplink holds 859,853 ETH worth about $3.5 billion after its latest 19,271 ETH purchase.
  • What recent move boosted Sharplink’s ETH strategy?
    The company completed a $76.5 million equity raise at a 12% premium, reinforcing its ETH accumulation plan.
  • How is Sharplink generating additional value from its holdings?
    Sharplink has earned 5,671 ETH in staking rewards since launching its treasury program in June.
  • Why is Sharplink’s treasury strategy significant?
    The firm’s disciplined accumulation and debt-free balance sheet make it one of the most ETH-concentrated public companies.

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