Genius Act clarity inspires SharpLink’s confidence, fuels long-term crypto strategy.
SharpLink Gaming, a sports betting and digital marketing company based in Minnesota, has just made headlines with a record-breaking Ethereum purchase. In the week ending July 20, 2025, the firm purchased 79,949 ETH, which makes it the biggest weekly purchase by the firm so far. The move aided SharpLink in becoming the largest publicly owned Ether, pushing aside BitMine Immersion Technologies.
This was bought at an average of 3,238 dollars per ETH. In total, this new purchase increased SharpLink balance sheet with approximately 258.9 million dollars worth of Ethereum. Consequently, the total number of ETHs that the company possesses increased to 360,807 ETH. This is a 29 percent rise in its total holding of Ether compared to the previous week.
This massive acquisition is among the larger strategies of SharpLink to expand its online treasury. On June 2, 2025, the company introduced the digital treasury approach. It has since continued to amass ETH in its reserves whenever the market has had a good opportunity. Actually, the same day, July 15, SharpLink took another major step and bought 24,371 ETH or approximately 73.25 million dollars on Coinbase Prime that is a reliable place to make large institutional crypto transactions.
Up to now, the ETH concentration of SharpLink has increased to 3.06%. This is a 53 percent rise since the digital treasury strategy started. The company also announced that it has remaining amount of funds of $96.6 million which it is ready to put to use to buy even more ETH.
Besides the purchase of ETH, SharpLink has begun staking its assets. Since the company started its treasury plan, it received 567 ETH in staking rewards. It demonstrates that SharpLink does not simply have Ethereum on its hands but it also utilizes it to earn some passive income and contribute to the stability of the Ethereum blockchain.
Joseph Lubin, Chairman of SharpLink and a celebrity in crypto industry, expressed his opinion about this historic achievement. He is a Co-Founder of Ethereum and CEO of Consensys as well. According to Lubin, SharpLink will keep reducing its ATM facility to accumulate its ETH reserves. He elaborated that the firm has an interest in expanding their treasury so as to sustain its long-term objectives. He further noted that the purchase of a substantial ETH at favorable prices assists in the addition of value to shareholders.
The other factor that gives SharpLink confidence is the signing of the Genius Act by President Donald J. Trump last year. The Genius Act introduces clear regulations to digital property and intelligent contracts in the U.S. This new law provides clarity and emergence of new investment and innovation in the case of SharpLink and other blockchain businesses.
SharpLink supports the Genius Act based on its assertion that it introduces certain clarity and stability in the industry. The firm thinks this new legislation will encourage more institutions and investors to go towards blockchain and crypto. It also regards the law as a go-ahead to further amplify its plan of using digital assets.
To conclude, the history of the ETH purchase by SharpLink Gaming indicates its great confidence in the future of Ethereum. As it has clear rules to work with and more money to spend, SharpLink is ready to continue accumulating crypto coins and staking rewards.
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