SharpLink Buys 270,000 Ethereum, Prints IDR733 Billion Profit and Becomes “ETH’s MicroStrategy!

Jakarta, Pintu News – SharpLink Gaming, a Minneapolis-based entertainment and betting technology company, continues to aggressively buy Ethereum (ETH) and now holds more than 270,000 ETH (equivalent to around Rp4.4 trillion, exchange rate 1 USD = Rp16,287). With this amount, SharpLink became the second-largest Ethereum-owning public company in the world after the Ethereum Foundation-and was dubbed “Ethereum’s MicroStrategy” due to its aggressive treasury strategy.

A Series of Large-Scale Ethereum Buyouts

In the past two months, SharpLink bought large amounts of Ethereum on various major platforms. On July 11, it bought 10,000 ETH (Rp1.62 trillion) directly from the Ethereum Foundation. The following day, SharpLink bought 21,487 ETH through two institutions: 14,693 ETH from Galaxy Digital and 6,804 ETH from Coinbase Prime.

In addition, they also recently added 16,374 ETH worth $48.85 million (IDR 796 billion). All these accumulations were made after the company bagged $425 million in private funding which also brought Joseph Lubin, Ethereum co-founder and CEO of Consensys, to become SharpLink’s chairman. Now, SharpLink’s treasury strategy relies on accumulating, staking, and restaking ETH to support the Ethereum ecosystem in the long term.

Also Read: Binance CZ: “There Will Be More Declines, It’s an Accumulation Phase!” – What Does It Mean for Investors?

Reasons and Effects Behind ETH Buybacks

According to Arkham Intelligence, this move triggered a rally in ETH prices as institutions became increasingly interested in DeFi yields, staking, and network security. The Ethereum Foundation itself emphasized the sale to SharpLink as a strategic decision, rather than a market “dump”, with the proceeds used for ecosystem development.

SharpLink doesn’t just store ETH-all of its holdings are “escrowed” in DApps Hoppers for active participation in Proof-of-Stake, keeping Ethereum safe, and earning staking rewards. The company is also ready to adopt restaking to secure more of the protocol and optimize profits.

Interestingly, this accumulation of ETH has already resulted in an unrealized profit of around $45 million (IDR 733 billion) for SharpLink. But chairman Joseph Lubin insists that this strategy is not just a short-term speculation, but the foundation for strengthening a long-term vision – making Ethereum the backbone of corporate treasuries and exemplifying a model for institutional contributions to decentralization and digital finance.

New Treasury Blockchain Model for Corporates

Analysts think SharpLink’s actions could set a new precedent for other corporations looking to get more involved in the world of blockchain and open finance. SharpLink proves that even non-crypto companies can become part of the Ethereum ecosystem and support the growth of the network through active staking, not just a collection of digital assets.

Conclusion

SharpLink’s strategy reinforces a new trend where publicly traded companies see Ethereum as not just an investment asset, but also the foundation of treasury infrastructure, network security, and DeFi innovation. With a stake of 270,000 ETH, hundreds of billions in profits, and direct support from Ethereum’s co-founder, this move is expected to encourage more institutions to follow suit.

Also Read: Big Drama: Coinbase and Binance Deny Each Other Over Media Leaks and Market Grab!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Cryptopolitan. SharpLink Gaming’s ETH Holdings Soar to 270K. Accessed July 15, 2025.