SharpLink Gaming acquired $108.6 million worth of Ethereum during the recent market dip, increasing its treasury to over 470,000 ETH and solidifying its rank as the second-largest corporate ETH holder.
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SharpLink executed two major USDC transactions totaling $108.6 million via Galaxy Digital’s OTC desk to purchase approximately 31,941 ETH.
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The company’s Ethereum holdings now exceed 470,000 ETH, following previous reserves of 438,200 ETH.
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Corporate Ethereum treasuries have surpassed $10 billion, with BitMine leading and SharpLink continuing aggressive accumulation.
SharpLink Gaming expands Ethereum treasury by $108.6M amid market dip, surpassing 470,000 ETH holdings. Discover the latest corporate crypto accumulation trends.
SharpLink Gaming’s Ethereum Holdings Surpass 470,000 ETH
SharpLink Gaming recently increased its Ethereum treasury by acquiring approximately 31,941 ETH, valued at $108.6 million. This purchase was executed through two large USDC transfers via Galaxy Digital’s OTC desk, a preferred method for discreet, large-volume trades. SharpLink’s total ETH holdings now exceed 470,000, reinforcing its position as the second-largest corporate Ethereum holder worldwide.
Details of the $108.6 Million ETH Acquisition
The transactions involved a $53 million USDC transfer followed by an additional $55.6 million, both routed through Galaxy Digital’s OTC platform. Blockchain analytics firm Arkham Intelligence confirmed these movements, highlighting SharpLink’s strategic approach to capitalize on the recent market correction. The company’s wallet address linked to these transfers has previously acquired over $800 million worth of ETH, demonstrating sustained accumulation efforts.
Corporate Ethereum Reserves Exceed $10 Billion
Corporate Ethereum treasuries continue to grow, surpassing the $10 billion threshold. BitMine leads with 625,000 ETH, followed by SharpLink Gaming. Other notable holders include The Ether Machine, Ethereum Foundation, and PulseChain. This trend reflects increasing institutional confidence in Ethereum’s long-term value and utility.
THIS SHARPLINK-ASSOCIATED ACCOUNT JUST DEPLOYED $100M TO BUY ETH
0xCd9 has so far bought $800M of ETH for SharpLink Gaming, and just sent another $108.6M USDC to Galaxy Digital OTC.
How long can they keep buying ETH for?
Address: 0xCd9e09B30d481cc33937CE33fEB3d94D434F5F75 pic.twitter.com/j8eXDcyE9A
— Arkham (@arkham) August 2, 2025
How Does the Ethereum Market Correction Influence SharpLink’s Strategy?
The recent Ethereum price correction, dropping from a local high of $3,900, has created buying opportunities for strategic investors like SharpLink. The company’s acquisition aligns with broader market sentiment favoring accumulation during dips. Using Galaxy Digital’s OTC desk helps SharpLink avoid market slippage and maintain discretion, a common practice among institutional buyers.
What Expert Insights Support Ethereum Accumulation?
Tom Lee, chair of BitMine, emphasizes Ethereum’s stability and legal clarity as key drivers for institutional interest. He highlights Ethereum’s advantages in tokenization and decentralized finance, reinforcing why companies like SharpLink are accelerating their ETH accumulation. These insights underscore the growing confidence in Ethereum’s ecosystem and future potential.
Frequently Asked Questions
What is the significance of SharpLink’s $108.6 million ETH purchase?
SharpLink’s $108.6 million Ethereum purchase during the market dip strengthens its treasury beyond 470,000 ETH, reinforcing its status as a top corporate holder and signaling confidence in Ethereum’s long-term value.
How does SharpLink’s buying strategy affect the Ethereum market?
By acquiring large amounts of ETH through OTC transactions, SharpLink supports market stability and demonstrates institutional demand, which can positively influence Ethereum’s price and adoption.
Key Takeaways
- SharpLink Gaming’s treasury exceeds 470,000 ETH: Marking it as the second-largest corporate Ethereum holder.
- Strategic use of OTC desks: Enables large purchases without disrupting market prices.
- Corporate ETH reserves surpass $10 billion: Reflecting growing institutional confidence in Ethereum.
Conclusion
SharpLink Gaming’s recent $108.6 million Ethereum acquisition highlights a strategic move amid market corrections, reinforcing its position as a leading corporate ETH holder. With corporate treasuries expanding and expert endorsements emphasizing Ethereum’s strengths, institutional accumulation is set to continue, shaping the crypto market’s future trajectory.