SharpLink Gaming has adopted an institutional acquisition strategy reminiscent of MicroStrategy, amassing 464,000 Ethereum (ETH) currently valued at $1.62 billion. This significant accumulation reflects growing corporate confidence in Ethereum’s long-term value proposition.
The company recently expanded its holdings by purchasing 14,933 ETH at approximately $3,550 per token. This $108 million acquisition was executed by transferring 53 million USDC to Galaxy Digital for settlement. SharpLink’s total ETH portfolio has generated approximately $214 million in unrealized gains due to Ethereum’s price appreciation since initial purchases.
On-chain analyst Yu Jin observed that SharpLink’s consistent large-scale ETH accumulation mirrors MicroStrategy’s approach to Bitcoin. This institutional accumulation pattern may help stabilize market demand and support ETH’s long-term appreciation trajectory. The company’s average acquisition cost of $3,029 per ETH remains substantially below current market valuation levels.