SharpLink Gaming Boosts Ethereum Holdings with Another $48.85M Purchase
2025-07-14 04:54:18
Main Idea
SharpLink Gaming has significantly increased its Ethereum holdings with a $48.85 million purchase, positioning itself as the second-largest corporate Ethereum holder, and is actively pursuing an Ethereum treasury strategy.
Key Points
1. SharpLink Gaming purchased 16,374 ETH worth $48.85 million from Galaxy Digital’s over-the-counter market.
2. The company now holds approximately 270,000 ETH, following a recent acquisition of 21,487 ETH worth $63.7 million.
3. SharpLink has launched an Ethereum treasury strategy, with ETH as its primary reserve asset, backed by Ethereum co-founder Joseph Lubin.
4. The company’s stock performance has improved, closing up 17.15% at $21.65, likely due to its growing crypto exposure.
5. SharpLink ranks as the second-largest corporate Ethereum holder, behind the Ethereum Foundation and ahead of Coinbase.
Description
SharpLink Gaming has increased its Ethereum holdings with a fresh acquisition valued at nearly $49 million. Key Takeaways: SharpLink Gaming boosted its Ethereum holdings with a $49 million purchase. The company began its Ethereum treasury strategy in May, supported by a $425 million private placement. SharpLink ranks as the second-largest corporate Ethereum holder. According to data from Arkham Intelligence , the company received 16,374 ETH on Sunday afternoon, sourced from a wallet that had rec...
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