31-7-2025 – SharpLink Gaming has purchased 11,259 Ethereum (ETH) for approximately $43.57 million, increasing its total holdings to 449,276 ETH valued at $1.73 billion.
The transaction, executed within the last 34 minutes via Galaxy Digital, was first reported by Lookonchain on X, highlighting a transfer of 11.259K ETH at $3,828 per token. This follows a series of acquisitions, including a $43.09M USDC transfer 10 hours ago, underscoring the company’s aggressive Ethereum accumulation strategy. The Nasdaq-listed firm, led by Ethereum co-founder Joseph Lubin, has been rapidly expanding its ETH treasury since pivoting from sports betting marketing earlier this year.
This latest buy brings SharpLink’s holdings to one of the largest corporate Ethereum reserves, trailing only BitMine Immersion Tech. The move reflects growing institutional confidence in Ethereum, with SharpLink staking most of its assets to generate yield, enhancing its financial position. Investors and analysts will watch for further purchases as SharpLink leverages its $6 billion stock sale plan to potentially acquire more ETH. The company’s next steps could signal broader trends in corporate crypto adoption.
