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SharpLink Gaming Purchases ETH Worth $100 Million During Market Correction

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by Giorgi Kostiuk

2 hours ago

SharpLink Gaming, Inc. made a significant investment by acquiring over $100 million in ETH during a market correction, solidifying its position as the largest public ETH treasury holder.

Record ETH Acquisition

SharpLink purchased 30,755 ETH for $108.57 million USDC and an additional 11,259 ETH for $43.09 million USDC. This acquisition highlights the importance of Ethereum in corporate investment strategies.

Market Impact and Institutional Strategies

This acquisition significantly alters Ethereum's market dynamics. By increasing its ETH reserves to 480,031 ETH, SharpLink enhances its position in corporate ETH treasuries, potentially affecting the network's decentralization.

Staking Strategy and Effect on Ethereum Ecosystem

SharpLink's transactions enable the company to earn enhanced staking rewards. As of late July 2025, they reported earning 722 ETH through staking. This could also influence Ethereum’s governance and validator ecosystem given the increased corporate participation.

SharpLink's acquisition of over $100 million in ETH underscores the growing significance of Ethereum at an institutional level and its influence on the financial strategies of major corporations.

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