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3d ago

SharpLink Gaming Boosts Ethereum Holdings to 438,017 ETH with $295 Million Purchase

Blockchain data indicates the unconfirmed purchase was immediately staked through Figment to support ongoing yield generation in pursuit of a 500,000 ETH reserve

SharpLink stakes big on Ethereum: Are institutions moving away from BTC?
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Sharplink expands ethereum holdings to 438,017 eth after latest acquisition
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Overview

  • On July 28, Lookonchain data revealed SharpLink Gaming acquired 77,210 ETH (about $295 million), bringing its total holdings to 438,017 ETH valued at approximately $1.69 billion.
  • Arkham Intelligence shows the newly acquired ETH was staked in 3,200 ETH batches using Figment’s institutional staking services.
  • SharpLink has not formally confirmed the latest purchase, highlighting dependence on on-chain analysis for transaction details.
  • The firm appointed Joseph Chalom as co-CEO on July 25, marking its first major leadership change ahead of this Ethereum accumulation.
  • SharpLink’s stock (SBET) has climbed over 120% year-to-date and traded at $23.61 in pre-market trading.