SharpLink Adds Another $295M Worth of Ethereum for Staking, ETH Up 3%
Main Idea
SharpLink Gaming has acquired an additional $295 million worth of Ethereum (ETH), increasing its total holdings to 438,017 ETH ($1.69 billion), and now holds the most ETH among public firms, surpassing Bitmine and Coinbase.
Key Points
1. SharpLink Gaming purchased 77,210 ETH ($295 million) over the weekend, bringing its total holdings to 438,017 ETH ($1.69 billion).
2. The company transferred 145 million USDC to Galaxy Digital, which then withdrew 38,600 ETH ($148 million) from Binance and sent it to SharpLink.
3. 95% of SharpLink's ETH accumulation is actively staked or deployed via liquid staking platforms.
4. SharpLink now holds more ETH than Bitmine and Coinbase, making it the largest public holder of Ethereum.
5. Ethereum's price rose 3% to $3,876, with technical indicators suggesting potential further gains, including a forecast of $4,200 to $4,800 in the short term.
Description
SharpLink Gaming is deepening its Ethereum holdings by acquiring an additional 77,210 ETH over the weekend for $295 million. The company currently holds 438,017 ETH, worth $1.69 billion, according to Lookonchain. SharpLink( @SharpLinkGaming ) bought another 77,210 $ETH ($295M) and currently holds 438,017 $ETH ($1.69B). https://t.co/143CVq5E6U pic.twitter.com/Oa4dQ9XFGF — Lookonchain (@lookonchain) July 28, 2025 Crypt Rover wrote on X that the surge in ETH accumulation points to significant insti...
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