SharpLink Gaming Boosts Ethereum Holdings with $64M Purchase of 21,487 ETH

On July 12, SharpLink Gaming, a publicly traded US company, expanded its cryptocurrency holdings by acquiring an additional 21,487 ETH, valued at roughly $64.26 million. This strategic purchase was executed via over-the-counter (OTC) channels and Coinbase Prime, following the firm’s recent acquisition of 10,000 ETH from the Ethereum Foundation. The move underscores SharpLink’s commitment to increasing its exposure to Ethereum, reflecting growing institutional interest in the digital asset. By leveraging OTC and Coinbase Prime, SharpLink ensured a discreet and efficient transaction, minimizing market impact. This development highlights the ongoing trend of corporate entities integrating significant Ethereum positions into their portfolios, signaling confidence in the network’s long-term value proposition.