SharpLink Gaming Tops $1B ETH Holdings on Continued Dip Buys

Published: 2025-07-19 09:16:24 |

On-chain data shows SharpLink Gaming ETH holdings have surpassed 358,000 ETH, valuing the portfolio at over $1 billion and making the NASDAQ-listed company one of the top corporate Ethereum holders. Since Q2 2023, SharpLink Gaming has amassed around 150,000 ETH by buying dips, including a recent purchase of 4,904 ETH on July 19 via Coinbase Prime. This sustained Ethereum accumulation highlights the company’s long-term confidence in ETH’s growth potential. The ETH accumulation at an average cost of $2,825 per token has generated an unrealized profit of about $260 million. By staking 99.7% of its reserves, SharpLink Gaming secures over 415 ETH in passive yield, reinforcing its staking yield strategy. The firm funded its crypto acquisitions through an at-the-market stock issuance, expanding share authorization from $10 billion to $60 billion and allocating $5 billion specifically for digital asset purchases. SBET shares have surged nearly 200% since early July, reflecting growing crypto market confidence. SharpLink Gaming ETH holdings may serve as a price support level during market fluctuations, underscoring rising institutional demand for Ethereum and blockchain gaming projects. Traders should monitor these support zones and staking rewards for potential trading opportunities.

Bullish

SharpLink Gaming’s large-scale Ethereum accumulation and surpassing of $1 billion in ETH holdings signal strong institutional confidence and increased corporate demand for Ethereum. The steady buys since Q2 2023, including recent dip purchases, suggest a sustained bullish stance on ETH’s long-term appreciation. By staking nearly all its ETH reserves, the firm also locks in passive yields, reducing sell pressure and reinforcing market support levels. Additionally, the company’s aggressive funding strategy, evidenced by its at-the-market stock issuance and share authorization expansion, highlights its commitment to further crypto acquisitions. Traders often view such significant corporate holdings as price anchors; hence, this news is likely to bolster bullish sentiment and underpin ETH prices in both the short and long term.