SharpLink Gaming Bets Big on Ethereum, Snaps Up 11,259 ETH

The post SharpLink Gaming Bets Big on Ethereum, Snaps Up 11,259 ETH appeared first on Coinpedia Fintech News

The online-based marketing company, SharpLink Gaming, made another big purchase of Ethereum (ETH), continuing to push its position as one of the largest public corporate Ethereum holders in the world. It recently acquired 11,259 ETH for $43.09 million at a price of $3,828 each. 

SharpLink Gaming Continues Ethereum Acquisition Strategy 

SharpLink recently bought 11,259 ETH, worth at least $42.5 million, which raises their total holdings to a tremendous amount of 449,276 ETH, valued at approximately $1.73 billion. 

During mid-July, the company purchased 16,374 ETH, worth $48.85 million. It increased their total holdings up to  270,000 ETH at the time, positioning itself as the second-largest corporate holder of the cryptocurrency, behind only the Ethereum Foundation. By 27th July, SharpLink marked a 21% increase in Ethereum holdings, showing continuous efforts to be the largest global Ethereum holder. 

After that, it acquired another 77,210 Ether, worth $295 million, continuing to expand its ETH acquisition strategy launched in June. This move of aggressive ETH purchase also signals the growing confidence in ETH. 

Ethereum Skyrockets in 2025  

The hefty amount of ETH purchases made by various companies indicates the growing interest in the crypto. In 2025, Ethereum has seen significant inflows into spot ETFs, and in the past week, spot Ethereum ETFs saw $2.18 billion in net inflows last week, marking the highest weekly record. 

Large institutions and major industry players also showed an appetite for the asset, highlighting its pivotal role as a financial instrument and a foundation for decentralized finance. The US SEC clarifying that staking activities are not securities transactions has provided the regulatory clarity, which potentially boosted the adoption even more. 

“Ethereum is today already so much more than I ever thought it could be, and we’ve barely scratched the surface of all the use cases I have thought about,” Paul Brody, head of blockchain at EY, told The Block, as ETH celebrated its 10th anniversary on July 30. 

“The future of Ethereum is one of ever-growing expansion as it becomes the foundational plumbing not just for finance but really for all commerce over time,” he added. 

FAQs