SharpLink Ethereum Holdings Soar: Is a Big Move Coming?
SharpLink Gaming Inc. got 16,374 Ethereum last afternoon via a wallet that purchased a token from the Galaxy Digital over-the-counter market, according to the most recent tracking by Arkham Intelligence. Although SharpLink did not disclose the new Ether addition, well-known market analysts contend that this purchase has increased its total holdings to 270,000 ETH. The wallet, identified as SharpLink Gaming, also has 0.003 DAI, $595.11 million in LSETH, and 6.969K CROAK tokens.
SharpLink Gaming Spends Over $500M on Ethereum to Make It Treasury Reserve
SharpLink Gaming announced a $425 million private placement on May 27, 2025, to fund the Ethereum acquisition. Ether will become the company’s main treasury reserve, according to the statement. For $462.9 million, SharpLink purchased 176,270.69 Ethereum at an average price of $2,626. From May 30 to June 12, 2025, $79 million was raised through the ATM equity program, which helped to fund this partially.
The company’s total holdings now stand at 188,478 Ethereum after spending $30 million on an additional 12,207 Ethereum between June 16 and June 20 at an average price of $2,513. SharpLink Gaming purchased 7,689 Ethereum for an additional $19.2 million between June 28 and July 4, 2025, at an average price of $2,501 per Ethereum. With significant transactions of $462.9 million, $30.6 million, $19.2 million, $7.09 million, $12.4 million, $25.7 million, and $48.85 million, the corporation reportedly paid over $500 million for Ethereum.
Ethereum Gains 18% Weekly: Is This the Start of a Larger Bull Run?
Ethereum is presently trading at $3,041 per CoinMarketCap statistics. Over the past week, the price has risen 18.28%, and the market capitalization has expanded by 0.4% in the last day to $362.62 billion. Ethereum is currently trading above its exponential moving averages of 20, 50, 100, and 200 days. ETH’s price has been down 5.76% during the last six months, nonetheless. The price is down 6% over the last 52 weeks and is down about 9% for the year to date. If Ethereum prices keep rising, $3,259 and $3,500 have been identified as resistance levels. If bulls take back control, $2,119, $2,071, and $1,724 are anticipated support levels.
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