Sharplink is approaching $ 2 billion in Ether Holdings, focuses on 1M ETH Treasury

The former play company announced on Tuesday that it now has 521,939 ETH worth almost $ 1.9 billion at the current market value.

Joe Lubin’s Ether Treasury Firm bought 83,561 ETH for $ 264.5 million for an average price of $ 3,634 between July 28 and August 3.

Sharplink stated that his ETH-PER share is now 3.66, an increase of 3.40 last week, and has risen by 83% since it started the strategy on 2 June.

Moreover, the entire stock has been plotted and the 929 ETH has earned with a value of more than $ 3.3 million in cumulative rewards to date.

Ether treasuries grow

Sharplink has 1 million ETH aimed at his first milestone of the treasury and is already halfway.

1,000,000 ETH is our first milestone

The first of many

We are halfway

Accelerate pic.twitter.com/akrg1gqxta

– Sharplink (sbet) (@sharplinkgaming) August 5, 2025

Lubricate described Ten years of uptime for Ethereum as a ‘mainstream moment’, adding that it is about to break ‘by breaking into regular culture’, because of global regulations and financial institutions that ‘become very serious’ about building the technology.

“Stablecoins and Ether Treasury companies bring Wall Street of Tradfi so quickly on Defi to Defi that it is simply called ‘finance’.”

Despite the aggressive accumulation of Ether, Sharplink is not the largest ETH Treasury company, because that distinction goes to Bitmain Immersion Technologies. The Tom Lee Cooling Company has 833,100 ETH worth almost $ 3 billion, according to to Ethstrategicreserve.

Speaking at the Natalie Brunell Podcast on Tuesday, Lee said There was no conflict between Bitcoin Treasuries and Ethereum treasuries because they were both scarce (they compare with Tesla and Palantir shares).

The first ‘murderer -app’ for crypto originated and sees widespread adoption, and that is Stablecoins, he said. Wall Street Rent Rent to Tokenize his entire system on the blockchain, and it requires smart contracts, he said before he adds:

“The largest and most safe blockchain without downtime is Ethereum, and it is legally in accordance with.”

The top three Ethereum Treasury companies now have 1.7 billion ETH, which amounts to around 1.4% of the total supply.

ETH -Price views

ETH prices received a hit of 2% on the day, while crypto markets continue to cool after the huge rally of July.

The active fell to $ 3,575 during the Asian trade session on Wednesday morning, but remained within his three -week reach -bound trade channel. However, a decrease of less than $ 3,400 could see this momentum lost and a greater correction follows.