# SharpLink Gaming Buys $295M in ETH

*Author: Bankless*
*Published: Jul 28, 2025*
*Source: https://www.bankless.com/read/sharplink-gaming-buys-295m-in-eth*

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SharpLink Gaming has acquired 77,210 ETH worth approximately $295 million, according to onchain analysis from [Lookonchain](https://x.com/lookonchain/status/1949642059046146559). The acquisition raises its total holdings above 438,000 ETH (~$1.69 billion) and reinforcing its status in the institutional ETH treasury race.

### What’s the Scoop?
- **Total Holdings:** After the transaction, SharpLink’s treasury totals over 438,000 ETH ($1.69 billion). 
- **Staking & Yield:** The firm stakes over 95% of its ETH holdings to generate on-chain yield. 
- **Competitive Position:** SharpLink now trails BitMine Immersion Technologies (~566,000 ETH) and leads other public firms like GameSquare and Bit Digital in corporate ETH treasuries.