Ethereum as the New Gold? SharpLink’s $6B Treasury Strategy Is Raising Eyebrows

According to an official SEC filing, the Ethereum treasury strategy of SharpLink Gaming has taken a major step forward as the company increased its equity sale target to $6 billion to buy more Ethereum (ETH).

This decision came after a $425 million private investment led by Consensys. With over 321,000 ETH now in its reserves, which is more than what the Ethereum Foundation holds, SharpLink is becoming a key player in corporate crypto investment.

The addition of Ethereum co-founder Joseph Lubin as board chairman has drawn strong attention from experts, who believe this move could change how institutions approach crypto treasury strategies.

Why Did SharpLink Raise Its Equity Sale Target to $6 Billion?

SharpLink has decided to sell more of its company shares, raising the limit from $1 billion to $6 billion, to support its growing Ethereum treasury strategy.

The company revealed this update in a supplemental filing with the U.S. Securities and Exchange Commission (SEC). This filing allows SharpLink to sell an extra $5 billion in stock, in addition to the $1 billion it was already authorized to raise.

So far, SharpLink has raised $721 million under its original plan, and it could still use the remaining $279 million from that earlier approval.

This major jump in fundraising shows a clear change in the company’s approach, viewing Ethereum not just as a regular investment but as a long-term asset for its treasury reserves.

How Is SharpLink Allocating Its Capital Towards Ethereum?

According to SharpLink’s disclosure, most of the money raised from this expanded stock sale will go toward buying more ETH.

This supports their Ethereum treasury strategy, which is now seen as one of the boldest corporate crypto moves since MicroStrategy’s Bitcoin campaign.

After the updated filing, SharpLink purchased another 32,892 ETH worth $115 million. Analysts say this level of buying shows SharpLink’s strong confidence in Ethereum and could also be a bullish indicator for the wider crypto market.

What Makes This Ethereum Treasury Strategy Unique?

The Ethereum treasury strategy followed by SharpLink stands out from what most companies are doing. Instead of simply holding ETH, SharpLink is staking nearly all of it.

As of mid-July, out of its 280,000+ ETH holdings, about 99.7% is staked. This has earned the company 415 ETH, worth around $1.49 million in rewards over just six weeks.

By holding and staking ETH, SharpLink is following a two-way strategy, saving for the future while earning ongoing rewards.

This method makes its Ethereum treasury strategy a steady income stream, offering the company both financial security and growth opportunities

What Role Does Joseph Lubin Play in This Strategy?

Joseph Lubin, the co-founder of Ethereum and head of Consensys, has joined SharpLink Gaming as chairman of the board. His new role shows more than just support; it reflects a strong alignment with Ethereum’s overall vision.

Experts in the industry believe Lubin’s leadership brings valuable insider experience and added credibility to SharpLink’s Ethereum treasury strategy.

Crypto analyst Rohan Vaidya commented that Lubin’s involvement shifts the dynamics entirely. “His presence strengthens SharpLink’s Ethereum-focused reserves and aligns the company more closely with Ethereum’s future direction,” he explained.

Conclusion 

Based on the latest research, the Ethereum treasury strategy adopted by SharpLink Gaming signals a major shift in how corporations manage crypto assets.

With more than 321,000 ETH already held, a $6 billion funding plan underway, and backing from key Ethereum leaders like Joseph Lubin, the company is setting a new benchmark.

Its combined approach of equity funding, large-scale ETH purchases, and active staking shows that Ethereum is evolving beyond its role as just a smart contract platform, it’s now being treated as a serious treasury asset.

If this path continues, more institutional investors could follow, reducing ETH’s available supply and potentially increasing its long-term value.

Summary 

SharpLink Gaming has raised its equity sale target to $6 billion as part of a bold Ethereum treasury strategy. The company now holds over 321,000 ETH, more than the Ethereum Foundation and is staking most of it to earn rewards.

Experts believe this move could set a new standard for corporate crypto reserves and reshape how companies use ETH as a long-term financial asset.

Discover how SharpLink’s $6B ETH plan is reshaping corporate finance. Dive into the strategy leading Ethereum’s rise as a treasury asset. Stay informed.

FAQs

1. Why did SharpLink raise its equity sale to $6 billion?

To buy more Ethereum and expand its ETH treasury strategy.

2. How much Ethereum does SharpLink Gaming hold?

Over 321,000 ETH, worth more than $1.1 billion.

3. Who is leading SharpLink’s ETH strategy?

Ethereum co-founder Joseph Lubin, now SharpLink’s board chairman.

4. Is SharpLink’s ETH holding bigger than Ethereum Foundation’s?

Yes, SharpLink now holds more ETH than the Ethereum Foundation.

Glossary

Treasury Strategy: A company’s plan to use and grow its money wisely over time.

Joseph Lubin: Ethereum co-founder who now leads SharpLink’s board.

Crypto Treasury: A way companies hold crypto like ETH or BTC instead of cash.

ETH Rewards: Extra ETH earned by staking existing ETH for network support.

Sources

Sharplink Gaming

Coindesk

Ainvest