Two giants just made big moves in crypto. Strategy, led by Bitcoin bull Michael Saylor, added over 7,700 BTC in August. SharpLink Gaming (SBET) grew its Ethereum reserves to 837,000 ETH in the same month.
Both firms doubled down on digital assets despite market volatility.
Strategy Expands Bitcoin Stash
Strategy, formerly MicroStrategy, isnt slowing down. According to a U.S. Securities and Exchange Commission (SEC) filing, the company bought 4,048 BTC between Aug. 25 and Sept. 1. The purchase cost $449.3 million at an average price of $110,981 per Bitcoin.
This came during a wild week for BTC. Prices spiked above $113,000 before dropping below $108,000 on Friday. Strategy used the dip to its advantage.
With this buy, the company now holds 636,505 BTC. At todays price of $109,480, that stash is worth $69.6 billion. The firm has spent $46.95 billion so far, locking in an unrealized profit of $22.66 billion.
August Buying Slows but Remains Big
Compared to Julys massive 31,466 BTC purchase, August was a quieter month. Strategy added 7,714 BTC across four transactions:
430 BTC early August
155 BTC mid-August
3,081 BTC Aug. 20
4,048 BTC Aug. 25Sept. 1
Despite the smaller total, Strategys conviction in Bitcoin remains unchanged. Michael Saylor continues to call Bitcoin digital gold, and the companys actions back it up.
SharpLink Shifts Focus to Ethereum
While Strategy builds its Bitcoin empire, SharpLink Gaming is betting big on Ethereum. The company bought 39,008 ETH last week for around $177 million. Average cost: $4,531 per coin.
This brings SharpLinks total Ethereum holdings to 837,230 ETH, worth nearly $3.6 billion as of Tuesday.
Key Highlights From Aug. 31 Filing
SharpLinks latest SEC disclosure shows:
� $46.6M raised via at-the-market equity sales in the week ending Aug. 31
� 39,008 ETH added at ~$4,531 average cost
� 2,318 ETH staking rewards since June launch
� ETH concentration ratio: 3.94, up 97% since June 2
� Cash reserves: $71.6M still unspent
� Total ETH: 837,230
The ETH concentration ratio is key. SharpLink now holds almost $4 in ETH for every $1 in cash. Thats a massive bet on Ethereums future.
Since starting its ETH strategy in June, SharpLink has earned 2,318 ETH through staking. At current prices, thats about $10 million in passive income.
With $71.6 million in cash still on hand, more ETH buys seem likely.
Bitcoin trades at $109,480, showing little movement over the last 24 hours. Ethereum sits at $4,300, down 3% amid a softer market.
The broader crypto market seems cautious. But these corporate buys show growing institutional conviction.
Comparing Both Strategies
| Metric | Strategy (BTC) | SharpLink (ETH) |
| | | - |
| Latest Purchase | 4,048 BTC | 39,008 ETH |
| Total Holdings | 636,505 BTC | 837,230 ETH |
| Value (as of Tuesday) | $69.6B | $3.6B |
| Cash on Hand | N/A | $71.6M |
| Additional Income | N/A | 2,318 ETH staking rewards |
| Avg. Purchase Price | $110,981 | $4,531 |
Both firms follow aggressive accumulation models, but the assets differ. Strategy sees Bitcoin as a reserve asset. SharpLink views Ethereum as a growth bet with staking rewards as a bonus.
Why This Matters
Corporate crypto treasuries are growing fast. These buys highlight:
- Institutional confidence in digital assets
- Different strategies: BTC for store of value, ETH for yield and growth
- Market timing: Buying dips during volatility
As traditional firms increase crypto exposure, the line between Wall Street and crypto markets continues to blur.
Strategy may keep stacking Bitcoin if prices stay near $110,000. SharpLink has $71.6 million left for more ETH buys.
Investors will watch how these positions perform if the crypto market recovers. For now, both companies hold billions in digital assets, with profits already piling up.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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