In a recent move, SharpLink Gaming, a major player in the gaming industry, is reported to have purchased an extra 4,951 Ethereum (ETH) for approximately $12.4 million on June 30th. This action underscores their ongoing interest in Ethereum, the second largest cryptocurrency.
According to EmberCN’s analysis of on-chain data, SharpLink has increased its Ethereum holdings by adding 4,951 ETH in two separate transactions, which are believed to have been conducted off-exchange or over-the-counter. As a result, the company now owns more than 193,000 ETH, equivalent to around $463 million.
SharpLink Gaming (Nasdaq: SBET) recently bought an additional 4,951 ETH worth around $12.4 million over the past 5 hours.
They started purchasing Ethereum in June after completing their fundraising and now hold over 20 million ETH within barely a month.
They spent approximately $5.28 billion to buy 20,280 ETH at an average price of $2,606, with a current paper loss of around $2292 thousand.
SharpLink Gaming bought over 4,900 Ethereum worth approximately $12.4 million within the last 5 hours. Since June, they have been accumulating ETH and now hold more than 20 million ETH. They spent around $5.28 billion to buy roughly 20,280 ETH at an average price of $2,606. Their current investment in ETH shows a loss of around $2.292 million.
— 余烬 (@EmberCN) July 1, 2025
According to on-chain information from Arkham, it appears that a significant portion of SharpLink Gaming’s Ethereum holdings are being staked through Figment, a company offering liquid staking services, earning a yield of approximately 3.03% per year in SRR (Stable Reward Rate).
On June 13th, the prominent gaming company disclosed its acquisition of 176,271 ETH at a cost of $463 million. It then added an additional 12,207 ETH on June 24th. This latest purchase further expands its already substantial Ethereum holdings which are nearing half a billion dollars in value.
As institutional interest in cryptocurrency increases, SharpLink’s decision to focus on Ethereum adds more credibility to its standing within the crypto industry. Unlike many publicly traded companies that are primarily interested in Bitcoin, this gaming firm’s emphasis on Ethereum is a notable distinction in the altcoin market.
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2025-07-01 10:18