• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SharpLink Converts $108 Million to Ether: Ethereum Accumulation Strategy

user avatar

by Giorgi Kostiuk

3 hours ago

SharpLink has finalized a transfer of $108 million in USDC to Ethereum, boosting its ETH reserves. This event marks a significant move for the company.

$108 Million in 7 Hours

SharpLink quickly transferred $108 million in USDC to Galaxy Digital within 7 hours, subsequently acquiring 14,933 ETH at an average price of $3,550. This transaction was highlighted by blockchain tracking service EmberCN and reported by Wu Blockchain.

464,000 ETH and Counting

Following this latest transaction, SharpLink's total holdings reach approximately 464,000 ETH, valued at around $1.62 billion. The firm's average buying price stands at $3,029, providing about $214 million in unrealized profit, positioning it as one of the largest holders of Ethereum.

SharpLink's Strategy Compared to MicroStrategy

SharpLink's Ethereum buying strategy bears similarities to MicroStrategy's approach with Bitcoin. However, unlike Bitcoin, it actively stakes significant portions for income generation, adding utility to the asset.

SharpLink's actions reflect confidence in Ethereum's current price levels and a strategic approach to cryptocurrency accumulation, which may influence future trends among corporate investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

BitMEX Co-Founder Arthur Hayes Sells Assets and Shares Price Predictions for BTC and ETH

chest

Arthur Hayes sold crypto assets worth approximately $13.5 million and shared predictions for Bitcoin and Ethereum.

user avatarGiorgi Kostiuk

Tether Surpasses South Korea to Become 18th Largest Holder of U.S. Treasuries

chest

Tether increases its holdings to $127 billion, becoming a prominent player in the U.S. Treasuries market.

user avatarGiorgi Kostiuk

Hyperliquid's Status in DeFi and Its Market Impact

chest

Hyperliquid reached $313.4 billion in perpetual futures trading, reshaping the DeFi landscape and attracting attention to DEX.

user avatarGiorgi Kostiuk

Profit Taking in Bitcoin Market: Analysis of Current Trends

chest

Bitcoin investors are securing profits during consolidation despite price drop below $115,000.

user avatarGiorgi Kostiuk

XRP Ledger Grows: 1 Million Users Added in 2025

chest

XRP Ledger reached over 1 million users in 2025 due to upgrades by CTO David Schwartz, significantly increasing network activity.

user avatarGiorgi Kostiuk

XYZVerse: Ambitious Meme Coin on the Rise

chest

XYZVerse ($XYZ) garners attention against other cryptocurrencies, promising significant growth and a vibrant community.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.