SharpLink Invests $295 Million to Buy 77,210 Ethereum (ETH)

Jakarta, Pintu News – In the latest move to surprise the market, SharpLink has purchased an additional 77,210 Ethereum for $295 million on July 28.

This purchase increases SharpLink’s total Ethereum (ETH) holdings to 438,017 ETH, with a total value of $1.69 billion. The transaction was conducted via over-the-counter (OTC) facilitated by Galaxy Digital, a leading crypto asset management firm.

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Ethereum Accumulation Strategy

SharpLink continues to strengthen its position in the market with an aggressive Ethereum (ETH) buying strategy. Previously, on July 25, SharpLink had transferred $145 million in USD Coin to Galaxy Digital for a similar purchase.

With this latest addition, the company’s total Ethereum (ETH) purchases have nearly reached $1.3 billion in the month of July alone. Not only does this purchase increase the amount of Ethereum (ETH) held by SharpLink, but it also puts them ahead of the Ethereum Foundation in terms of holdings.

Market analysts believe that this is just the beginning of a series of purchases that will continue, given the company’s strategy of focusing heavily on Ethereum (ETH) as the main asset.

Read also: 3 Crypto that Potentially Follow BNB to Reach ATH

Ethereum-Focused Financial Strategy

SharpLink not only buys Ethereum (ETH), but also implements strategies to generate income from the assets they hold. Almost all of their Ethereum (ETH) holdings are staked to generate yield.

This approach not only increases the return on investment, but also deepens SharpLink’s involvement in the Ethereum (ETH) ecosystem. The company used funding from an At-The-Market (ATM) equity offering to finance this purchase.

This strategy shows how companies can utilize digital assets as part of their financial reserves, setting a new standard in the management of digital assets by companies.

Also read: 4 Memecoins to Hunt for August 2025, Ready to Jump 100x?

Strengthening Leadership with BlackRock Talent

In an effort to strengthen its leadership team, SharpLink recently appointed Joseph Chalom, a leading digital asset executive from BlackRock, as co-CEO.

Chalom, who took office on July 24, has extensive industry experience, including leading BlackRock’s launch of the iShares Ethereum Trust (ETHA), which is now the world’s largest Ethereum (ETH) ETF.

Chalom’s involvement is expected to bring valuable insights in the development of SharpLink’s digital asset strategy. Chalom’s previous experience with Coinbase, Circle, and Nasdaq will assist SharpLink in expanding its influence in the global crypto market.

Conclusion

With this latest purchase, SharpLink not only strengthens its position as a major player in the Ethereum (ETH) market, but also demonstrates a long-term commitment to the integration of cryptoassets in corporate finance strategies. This move marks a new era in crypto adoption by large corporations, with huge transformational potential for the finance and technology industries.

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Reference

• Crypto Times. SharpLink Buys Additional 77,210 Ethereum (ETH) for $295 Million. Accessed on July 29, 2025
• Featured Image: Coingape