SharpLink Eyes 1M ETH Goal After $145M Deal as ETH Targets $4K on Demand
Main Idea
SharpLink Gaming aims to accumulate 1 million ETH after a $145M deal and hiring Joseph Chalom, while institutional demand pushes Ethereum's price toward $4K.
Key Points
1. SharpLink Gaming acquired 79,949 ETH, increasing its holdings to 360,807 ETH, a 29% jump from the prior week.
2. Joseph Chalom, former Head of Digital Assets Strategy at BlackRock, joined SharpLink as co-CEO to help achieve its 1 million ETH goal.
3. Institutional investors, including BitMine Immersion Technologies and BlackRock’s ETHA, are aggressively accumulating ETH, with 13 companies holding 1,268,538 ETH worth $4.7 billion.
4. U.S. spot Ether ETFs recorded a net cash inflow of $452 million, increasing total net assets to $20.66 billion.
5. Ethereum's price gained 5% this week, testing resistance around $3,750, with institutional demand driving momentum toward $4K.
Description
SharpLink has closed a $145M deal and is likely to accumulate more Ethereum for its treasury. The company welcomed Joseph Chalom, who worked at BlackRock to lead its Ether quest. Renewed demand from institutional investors to push the Ethereum price beyond $4K soon. SharpLink Gaming, which had maintained a calm demeanour after its Ethereum accumulation, had closed a $145 million funding deal, signaling its intent to expand its ETH holdings. According to on-chain data analysis, the funds were tra...
Latest News
- Pudgy Penguins (PENGU) Price Prediction for July 272025-07-26 17:42:38
- SUI Approaches Major Resistance at $4.80 After Daily Chart Breakout2025-07-26 17:16:15
- Floki (FLOKI) Price Prediction for July 27, 20252025-07-26 16:49:22
- XRP Price Prediction for July 27, 20252025-07-26 16:16:23
- Ethereum Eyes $4K as it Retests Key Resistance With Surge in Trading Volume2025-07-26 16:00:24