SharpLink Gaming Accumulates 321,000 ETH with $204M Unrealized Profit Following MicroStrategy Strategy

On July 17, SharpLink Gaming (SBET) significantly expanded its Ethereum holdings by acquiring an additional 20,279 ETH, valued at approximately $68.38 million, through institutional platforms Coinbase Prime and Galaxy Digital within a four-hour window. This strategic accumulation aligns with the company’s ongoing asset reserve strategy initiated in early June, mirroring the operational approach of MicroStrategy. To date, SharpLink Gaming has amassed a total of 321,000 ETH, with an average acquisition cost near $2,745 per ETH. This disciplined purchasing strategy has resulted in a substantial unrealized gain of $204 million, underscoring the firm’s robust position in the crypto asset market. The data, sourced from on-chain analytics by Yu Jin, highlights SharpLink Gaming’s commitment to leveraging Ethereum as a core treasury asset, reflecting broader institutional trends in digital asset diversification and long-term value retention.