SharpLink Gaming Buys Record 79,949 ETH, Now Holds Over $1.3 Billion in Ether
The post SharpLink Gaming Buys Record 79,949 ETH, Now Holds Over $1.3 Billion in Ether appeared on BitcoinEthereumNews.com.
SharpLink Gaming buys record ETH, becomes largest public holder of Ethereum. New purchase adds $258.9M ETH, treasury jumps by twenty-nine percent. Genius Act clarity inspires SharpLink’s confidence, fuels long-term crypto strategy. SharpLink Gaming, a sports betting and digital marketing company based in Minnesota, has just made headlines with a record-breaking Ethereum purchase. In the week ending July 20, 2025, the firm purchased 79,949 ETH, which makes it the biggest weekly purchase by the firm so far. The move aided SharpLink in becoming the largest publicly owned Ether, pushing aside BitMine Immersion Technologies. SharpLink Buys ETH at $3,238, Adds $258.9M to Treasury This was bought at an average of 3,238 dollars per ETH. In total, this new purchase increased SharpLink balance sheet with approximately 258.9 million dollars worth of Ethereum. Consequently, the total number of ETHs that the company possesses increased to 360,807 ETH. This is a 29 percent rise in its total holding of Ether compared to the previous week. This massive acquisition is among the larger strategies of SharpLink to expand its online treasury. On June 2, 2025, the company introduced the digital treasury approach. It has since continued to amass ETH in its reserves whenever the market has had a good opportunity. Actually, the same day, July 15, SharpLink took another major step and bought 24,371 ETH or approximately 73.25 million dollars on Coinbase Prime that is a reliable place to make large institutional crypto transactions. Up to now, the ETH concentration of SharpLink has increased to 3.06%. This is a 53 percent rise since the digital treasury strategy started. The company also announced that it has remaining amount of funds of $96.6 million which it is ready to put to use to buy even more ETH. Besides the purchase of ETH, SharpLink has begun staking its assets.…
Filed under: News - @ July 23, 2025 5:25 am