SharpLink Buys 19K ETH, Lifts Ethereum Reserves to 859K
SharpLink Gaming purchased 19,271 ETH from a FalconX wallet, raising its Ethereum reserves to 859,000 ETH (≈$3.6 billion) and making it the second-largest corporate holder after BitMine Immersion Technologies (3.24 million ETH). Combined corporate Ethereum reserves now stand at 5.98 million ETH (≈5% of circulating supply). Since June, SharpLink’s staking strategy has generated 5,671 ETH in rewards (≈$23.3 million) and over $900 million in unrealized gains. Despite macro pressures like proposed U.S. tariffs on Chinese imports, Ethereum has gained 5% over the past 24 hours and month. This trend underscores growing institutional investment, tightens market supply, and highlights the appeal of staking rewards. Traders should monitor on-chain metrics and corporate reserve trends for market signals.
Bullish
SharpLink’s sizable ETH purchase and growing staking returns highlight strong corporate demand for Ethereum reserves. This buying removes supply from the market, while 5% recent price gains show positive momentum even amid macro pressures. In the short term, reduced sell pressure and continued on-chain inflows may drive further price appreciation. Over the long term, sustained institutional accumulation and staking rewards support network value and limit available liquidity, reinforcing a bullish outlook.