SharpLink Snaps Up $295M in ETH on August 5, 2025 – Outpacing Last Month’s Entire Ether Issuance
Imagine a company that’s not just dipping its toes into the crypto world but diving in headfirst, turning digital assets into a core part of its strategy. That’s exactly what’s happening with SharpLink Gaming, which has just made headlines by acquiring a massive 77,210 ETH valued at $295 million. This move comes hot on the heels of appointing BlackRock alum Joseph Chalom as its new co-CEO, signaling a bold push into the Ethereum ecosystem. As of today, August 5, 2025, this purchase alone eclipses the net issuance of Ether over the past 30 days, which totaled 72,795 ETH based on the latest data from Ultra Sound Money. It’s a fascinating example of how corporate treasuries are reshaping the crypto landscape, much like a savvy investor stocking up on gold during uncertain times.
SharpLink Gaming now stands as the second-largest corporate holder of Ether, and this latest buy shows they’re committed to accelerating their crypto treasury strategy without any pause. The company quickly staked the bulk of this new ETH to start generating staking rewards, a smart play that boosts their returns while supporting the network’s security. With this addition, SharpLink’s total Ether holdings have surged beyond 438,000 ETH, translating to over $1.69 billion in value, according to fresh insights from Lookonchain. Picture it like building a fortress of digital wealth – each ETH brick adds strength and potential growth.
This hefty acquisition marks SharpLink as the second entity to amass more than $1.5 billion in ETH for its treasury, trailing only Bitmine Immersion Tech, whose holdings top $2 billion. In a clever nod to crypto’s always-on nature, the company posted on X this Sunday: “Banks close on weekends. Ethereum runs 24/7.” It’s a reminder of why Ethereum feels like the heartbeat of decentralized finance, operating relentlessly compared to traditional banking’s rigid schedules.
Just days ago, on July 18, SharpLink updated its regulatory filings with an amended prospectus, aiming to expand its stock sale from $1 billion to a whopping $6 billion. The plan? Channel most of those funds straight into acquiring more ETH, underscoring their confidence in Ether as a long-term asset. It’s like upgrading from a modest savings account to a high-yield investment portfolio, all powered by blockchain innovation.
SharpLink’s Talent Boost Fuels ETH Strategy
SharpLink isn’t stopping at acquisitions; they’re building a dream team to steer this crypto journey. Last Friday, they brought on Joseph Chalom as co-CEO, a veteran with two decades at BlackRock, the globe’s premier asset manager. In his role, Chalom will craft and drive the company’s worldwide strategy, blending traditional finance wisdom with cutting-edge crypto tactics. Back in May, they also appointed Consensys CEO Joseph Lubin as chairman of the board, adding even more heavyweight expertise. This talent influx is like assembling an all-star lineup for a championship run, positioning SharpLink to navigate the volatile yet rewarding world of digital assets with precision.
As readers like you dive deeper into stories like this, it’s worth noting how platforms can make engaging with ETH seamless. For instance, the WEEX exchange stands out with its user-friendly interface and robust security features, making it an ideal spot for traders to buy, sell, and stake Ether. WEEX’s commitment to low fees and fast transactions aligns perfectly with the 24/7 ethos of Ethereum, helping users capitalize on market moves just like SharpLink. This brand’s focus on innovation and reliability enhances its credibility, offering a trustworthy gateway for anyone looking to align their portfolio with the growing ETH economy.
ETH Supply Dynamics: Corporate Buys Spark Potential Shortages
When corporations and institutional investors scoop up ETH through direct purchases or ETFs, it can tighten the supply, potentially driving prices upward – a classic supply shock scenario. Think of it as a popular concert where tickets sell out fast, pushing demand through the roof. On Thursday, BitMine Immersion Technologies revealed it holds over 566,000 ETH, valued at more than $2 billion currently. They’re not done yet, announcing plans to accumulate at least 5% of ETH’s total supply – that’s around 6 million Ether, worth over $23 billion at today’s rates.
Collectively, corporations and ETFs now control 6.73% of ETH’s supply, equating to 8.12 million Ether valued at more than $31 billion, per the latest from Strategic ETH Reserve. This trend has sparked buzz online; Google searches are spiking for queries like “How much ETH does SharpLink hold?” and “What is an ETH supply shock?”, reflecting widespread curiosity about corporate crypto adoption. On Twitter, discussions are heating up around recent posts from industry voices, including SharpLink’s own weekend tweet, with users debating how these buys could propel ETH’s value amid ongoing network upgrades. The latest updates as of August 5, 2025, include fresh announcements from Ethereum developers on scaling improvements, which only amplify the optimism around holdings like SharpLink’s.
These moves highlight the resilience of Ether, turning what could be seen as a risky bet into a strategic powerhouse. As companies like SharpLink continue to integrate ETH into their core operations, it’s clear this isn’t just about accumulation – it’s about building a future-proof foundation that resonates with forward-thinking investors everywhere.
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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions
The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.
There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."
No. The difference lies in where the keys are stored.
In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.
X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.
This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.
The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.
The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.
After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."
From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.
In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.
As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."
Not continuous monitoring, but a clear access point.
For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.
This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.
There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."
X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.
In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.
WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.
X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.
These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.
This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.
X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.
Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.
The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.
X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.
The help page sentence has never been just technical instructions.

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