Sports betting platform Sharpink Gaming snapped up ether last week as cryptocurrency moved forward nearby all the time.
Sharpink added 143,593 Ether (Eth) As ETH prices climb above $ 4,700, According to at a filing with the US Securities and Exchange Commission on Tuesday.
Sharpink ETH’s latest purchases come at a nearby price record, paying an average price of $ 4,648 per ETH, worth $ 667.4 million.
The Acquisition brought Ether Holdings a Sharpink to 740,760 ETH, which costs nearly $ 3.2 billion in current market prices.
SHARPLINK reported 1,388 ETH to staking rewards
Sharpink also announced that it has developed 1,388 ETH in staking rewards, meaning it sends ETH holders to participate as a validator to Ethereum Proof-of-Stake (POS) Network.
“Until August 17, 2025, all the ETH handles were staking, including through liquid staking,” Sharplink said in Sec.
“We note that aspects of our staking activities may undergo government regulation and guidance that will change,” the company added.
Related: Ether Etfs posted $ 197m outflows on Monday, second largest ever
The new purchase came shortly after Sharpink reported a $ 103 million net loss for the second quarter of 2025, significantly contributed to a loss of paper from accounting for Liquid staked Ether (lsetth).
Sharplink shares the news, with stock falling 12% on Friday. Stock closed the trade at $ 20.10 on Monday, down 13.5% in the past five days of trading, According to In tradingview.
Ether buying frenzy: Bitmine is leading the race
Sharpink’s continued ether purchase came amidst the massive purchase of the institutional ETH, with funding funds exchanged by the Ether Exchange (ETF) Records $ 3.7 billion in streams During the period from August 5 to Thursday.
Bitmine, the largest rival of the Treasury of Sharpink, reported by a 373,000 ether purchase Monday, it strengthened its total handling at 1.52 million ETH worth nearly $ 6.6 billion.
According to Bitmine Board Chair Thomas Lee, the new ETH purchase has made Bitmine the world’s second largest treasury just behind Michael Saylor’s approach.
After reporting a moderate $ 51.4 million bitcoin (Btc) Buy on Monday, The approach is held by a total of 629,376 BTC Like Sunday, it costs about $ 72.7 billion in current market prices.
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