SharpLink Secures $145M USDC Injection for ETH Reserves, Holding 360,900 ETH Worth $1.34B

On July 26, on-chain data analyst Yu Jin reported a significant transaction involving the SharpLink (SBET) address, often dubbed the “ETH version of MicroStrategy.” The address received a substantial inflow of 145 million USDC from a Circle wallet, signaling a potential new minting event aimed at bolstering its Ethereum reserves. Despite no recent ETH acquisitions this week, SharpLink currently holds an impressive 360,900 ETH, valued at approximately $1.34 billion. This movement highlights ongoing strategic positioning within the crypto market, reflecting SharpLink’s commitment to maintaining a robust ETH portfolio. Such on-chain activity underscores the importance of stablecoin liquidity in facilitating large-scale asset accumulation, a critical factor for institutional investors navigating the evolving digital asset landscape.