It seems SharpLink is on a mission to fill its coffers with as much Ethereum as humanly-or rather, corporately-possible. Over the last week, they managed to scoop up a staggering 143,593 ETH at an average price of $4,648 per ETH. That’s $667.4 million worth of shiny digital coins. The only question left is, “What’s next, a rocket to the moon?” 🚀
- SharpLink shelled out a cool $667.4 million for 143,593 ETH in just one week
- By August 17, the company’s ETH holdings totaled 740,760 ETH, valued at a jaw-dropping $3.2 billion
- They bought that ETH at $4,648, which, coincidentally, was near the all-time high. So… lucky them?
August 19 saw the announcement of SharpLink’s latest escapade, wherein they reported the purchase of 143,593 ETH between August 10 and August 17, 2025. If this isn’t a textbook case of “spending big in a bullish market,” I don’t know what is.
NEW: SharpLink acquired 143,593 ETH at ~$4,648, bringing total holdings to 740,760 ETH
Key highlights for the week ending Aug 17, 2025:
→ Raised $537M through ATM and direct offerings
→ Added 143,593 ETH at ~$4,648 avg. price
→ Staking rewards: 1,388 ETH since June 2 launch…– SharpLink (SBET) (@SharpLinkGaming) August 19, 2025
Despite buying ETH at near its all-time high (because, of course), SharpLink isn’t slowing down. By August 17, the company had amassed a total of 740,760 ETH, valued at roughly $3.2 billion. So yes, that’s a whole lot of Ether, even if the markets are a bit shaky. But hey, it’s not about timing the market, right? It’s about holding and hoping it all turns into a nice, fat profit someday. 😏
And they’re not just holding; they’re staking it all! Liquid staking, to be specific. This genius move lets them earn passive rewards and increase their stash of ETH, which-let’s face it-sounds like something out of a financial wizard’s handbook. In fact, they’ve already earned a solid 1,388 ETH through staking rewards. No complaints there!
SharpLink Stock Takes a Dive, Despite Its Ethereum Stash
So, what’s the catch? Oh, just the fact that SharpLink’s stock continues to plummet. Despite the impressive ETH haul, its stock (under the ever-charming SBET ticker) has taken a nosedive-down 19.85% in the past five days. Maybe investors aren’t as thrilled with the Ethereum hoarding as one might expect. Who knew, right?
SharpLink uses a delightful cocktail of debt and equity financing to fuel its ETH acquisitions, which means they’re playing the “leverage game.” And we all know how well that tends to work when things get volatile. Like, say, Ethereum’s price. From its peak of $4,788.55, it dropped to $4,207.22 in a mere five days, following the inevitable market pullback after the ETF rally. It’s almost like watching a roller coaster, but with more spreadsheets. 🎢
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2025-08-19 19:03