SharpLink Buys the Dip, Acquires $100M in ETH for Ethereum Treasury

SharpLink Gaming continues to build up extra ETH for its Ethereum treasury. This time, the firm has taken benefit of the present crypto market correction to snap up simply over $100 million in ETH, a transfer that might assist decrease the common value worth for its whole holdings.

SharpLink Gaming Adds Over $100 Million ETH To Ethereum Treasury

In an X put up, on-chain analytics platform Arkham Intelligence revealed {that a} SharpLink-associated account had simply deployed $100 million to purchase ETH. The platform famous that the tackle (0xCd9) in query had beforehand purchased $800 million of ETH for the firm.

THIS SHARPLINK-ASSOCIATED ACCOUNT JUST DEPLOYED $100M TO BUY ETH

0xCd9 has to this point purchased $800M of ETH for SharpLink Gaming, and simply despatched one other $108.6M USDC to Galaxy Digital OTC.

How lengthy can they hold shopping for ETH for?

Address: 0xCd9e09B30d481cc33937CE33fEB3d94D434F5F75 pic.twitter.com/j8eXDcyE9A

— Arkham (@arkham) August 2, 2025

Now, this tackle has despatched one other $108.6 million USDC to Galaxy Digital’s OTC, probably one other transfer to accumulate extra ETH for the firm’s Ethereum Treasury. Further data from the Arkham platform exhibits that the tackle despatched the $108.6 million USDC in two transactions.

The tackle first despatched 53.009 million USDC to the Galaxy Digital OTC pockets. It then adopted it up with one other transaction of 55.565 million USDC to the similar account. At the present market worth, SharpLink is predicted to obtain round 31,941 ETH for its $108.6 million buy. The firm already holds 438,200 ETH, excluding these cash.

Interestingly, this transfer from the second-largest Ethereum treasury firm comes simply as Eric Trump advised buyers to purchase the dip. ETH, alongside the broader crypto market, has been on a gradual decline since the starting of the week. The largest altcoin by market has since dropped from its native excessive of round $3,900.

Companies Are Actively Accumulating ETH

SharpLink’s latest buy once more underscores the extent to which firms have been accumulating ETH for their Ethereum treasury. As CoinGape reported, the Strategic ETH reserves held by companies just lately crossed $10 billion.

Tom Lee’s BitMine is main the means, with 625,000 ETH in its treasury, whereas SharpLink comes in second place. The Ether Machine, Ethereum Foundation, and PulseChain full the high 5, with 334,800 ETH, 233,600 ETH, and 166,300 ETH in their respective reserves.

Tom Lee is one in every of the most bullish on ETH, which is why he took up the place of Chairman at BitMine as soon as the firm adopted an Ethereum treasury technique. In a latest interview, he predicted that the Ethereum price can nonetheless attain $15,000.

He alluded to Ethereum’s sturdy fundamentals as the purpose why he believes that the altcoin can attain this goal. Lee famous that Wall Street is aggressively accumulating ETH. Furthermore, he claimed that the Ethereum community will profit the most from tokenization due to authorized readability and the undeniable fact that the community doesn’t expertise downtimes.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto information author and editor who has coated subjects that minimize throughout a number of niches. His pace and alacrity in masking breaking updates are second to none. He has a knack for simplifying the most technical ideas and making them simple for crypto newbies to know.

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