Ethereum (ETH) Surges, SharpLink Gaming Adds Millions of Dollars Worth of ETH Collection!

Jakarta, Pintu News – SharpLink Gaming, listed on NASDAQ under the code SBET, recently added to their Ethereum (ETH) holdings with a large purchase. The company acquired 5,188 ETH worth $15 million, according to data from EtherScan.

The acquisition comes as the price of Ethereum (ETH) broke through the $3,000 mark, marking a significant increase in the company’s crypto portfolio.

Aggressive Investment Strategy

In the same week, SharpLink Gaming has invested a total of $199.4 million to purchase 67,420 ETH in four separate transactions.

This purchase was made through the Coinbase Prime wallet, a platform often used by investors to store their crypto assets. This shows SharpLink’s aggressive investment strategy in capitalizing on the momentum of the rising Ethereum (ETH) market.

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SharpLink’s Position in the Ethereum Market

With the latest purchase, SharpLink Gaming’s total Ethereum (ETH) holdings now stand at approximately 285,894 ETH, making them one of the largest Ethereum (ETH) holders among public companies.

At current prices, their total Ethereum (ETH) assets are worth around $871 million. A total of 74,464 ETH have been staked by the company, which means they get rewarded by the network by locking up some of their ETH.

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Market Dynamics and Future Projections

According to data from CoinMarketCap, Ethereum (ETH) is currently trading at $3,087, up 2.87% from the previous day.

Trading volume also increased slightly, reaching $35 billion, with market capitalization rising to $373 billion. Market projections point to a potential rise in Ethereum (ETH) prices to $10,000, given the predicted upcoming supply shortage.

Conclusion

The rising price of Ethereum (ETH) and the aggressive investment strategy of SharpLink Gaming demonstrate a strong belief in the long-term potential of this crypto asset. With a strong position in the market and an effective staking strategy, SharpLink has the potential to benefit greatly if the Ethereum (ETH) price trend continues to increase.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Sharplink Adds Another 5188 ETH as Ethereum Price Crosses 3K. Accessed on July 17, 2025
• Featured Image: Decrypt