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SharpLink Gaming Adds Another $115M in ETH Amid Bull Run, Total Holdings Reach 353K ETH

2025-07-18 07:28:45

SharpLink Gaming Adds Another $115M in ETH Amid Bull Run, Total Holdings Reach 353K ETH

Main Idea

SharpLink Gaming has significantly increased its Ethereum holdings, purchasing an additional $115M in ETH, bringing its total to 353K ETH worth $1.2B, making it the world's largest corporate Ethereum holder.

Key Points

1. SharpLink Gaming purchased an additional 32,892 Ethereum worth $115 million, bringing its total holdings to 353,000 ETH valued at $1.2 billion.

2. The company has allocated 99.7% of its ETH holdings to staking protocols, generating approximately 415 ETH in rewards since June.

3. SharpLink's stock (SBET) has risen 29% amid the buying spree, trading at $36.40 per share at the time of writing.

4. The company's strategy mirrors MicroStrategy's Bitcoin accumulation, with $425 million raised through private placement for Ethereum purchases.

5. Ethereum ETFs have seen record inflows, surpassing $5.5 billion, with BlackRock's ETHA achieving a single-day inflow of $489 million.

Description

SharpLink Gaming has purchased an additional 32,892 Ethereum worth $115 million in the past three hours, bringing the company’s total accumulation to 144,501 ETH, valued at $515 million over the past nine days, as the cryptocurrency surges to six-month highs above $3,400. The Minneapolis-based online performance marketing company has emerged as the world’s largest corporate holder of Ethereum, surpassing the Ethereum Foundation with approximately 353,000 ETH, worth over $1.2 billion. SharpLink i...

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Tags:
Ethereum News ETH SHARPLINK
$ETH
$3601.95
+5.14%
$BTC
$119314.5
+1.22%

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