SharpLink Gaming Amasses 358,000 ETH, Securing $260M Unrealized Gains Following MicroStrategy Model

On July 19, SharpLink Gaming (SBET), a US-listed entity, executed a significant acquisition of 4,904 ETH valued at approximately $17.45 million via Coinbase Prime, as reported by on-chain analyst Yu Jin. This transaction marks a continuation of SharpLink’s strategic accumulation of Ethereum, initiated in early June, mirroring the investment approach of MicroStrategy. To date, SharpLink Gaming has amassed a total of 358,000 ETH, with an average acquisition cost near $2,825 per ETH. The company’s current portfolio reflects an unrealized gain of $260 million, underscoring the effectiveness of its long-term crypto asset strategy. This move highlights the growing institutional interest in Ethereum as a core digital asset within diversified investment frameworks.