#SharplinkAdds10000ETH

SharpLink, the company traded on Nasdaq under the ticker SBET and defining itself as an enterprise-grade Ethereum treasury platform, added another 10,000 ETH to its balance sheet. The purchase was made at approximately $1,611 per ETH, totaling a transaction around sixteen million dollars. With this purchase, the company's total Ethereum holdings reached 886,725 ETH, a position worth approximately $1.38 billion at current prices.
This purchase is actually the first publicly announced move after an eight-month hiatus, the first time a purchase of this scale has been announced since October last year. In the same week, the company also bought back its own shares, repurchasing 2,132,773 SBET shares from the market at an average price of $4.69. With the buyback program that started in August 2025, the total number of shares repurchased has now exceeded 4 million.
The source financing this move is also a separate detail: the capital used came from a $75 million registered direct offering of shares and warrants completed last week. CEO Joseph Chalom stated in a statement that their capital allocation strategies are based on a very clear goal, which is to increase the amount of ETH per share over the long term.
From a timing perspective, this purchase coincides with an interesting point, because Ethereum is currently down over sixty-eight percent from its August peak and has lost around thirty-seven percent in value over the past twelve months. So the company chose to buy during a period when the price is under considerable pressure. This shows that SharpLink's strategy is based on a long-term treasury accumulation logic rather than short-term price movements.
The company has been taking other steps towards the Ethereum ecosystem lately. Last week, it supported the establishment of a non-profit research organization called Ethlabs together with rival treasury firm Bitmine Immersion Technologies. Additionally, last month, they announced that they launched a $125 million fund focused on on-chain yield opportunities together with Galaxy Research.
For those tracking the ETH market through Gate, such institutional treasury moves can be read as an important signal that, although they do not directly affect the price in the short term, large players continue to view low price levels as an accumulation opportunity. On the company's stock side, the picture is more challenging; SBET is still trading near its fifty-two week lows and the overall technical outlook remains weak, indicating that the treasury strategy has not yet fully found its reward in the market.