SharpLink Raises $6B to Buy ETH, Institutions Pour $6B into Ethereum

Published: 2025-07-18 12:24:41 |

SharpLink has filed with the SEC to lift its equity offering cap from $1 billion to $6 billion, adding $5 billion primarily for Ethereum (ETH) purchases alongside corporate expenses. Since June, SharpLink acquired 32,892 ETH (~ $115 million) in three hours and now holds over 321,000 ETH (~ $1.1 billion). Nearly 99.7% of its ETH reserves are staked, generating 415 ETH in rewards. This move reflects surging institutional demand: corporate treasuries added 545,000 ETH (~ $1.6 billion) in the past 30 days, with BitMine Immersion Technologies holding 300,657 ETH (~ $1 billion). Spot Ethereum ETFs recorded $546 million of inflows for BlackRock’s ETHA, pushing total ETF inflows above $6 billion since mid-April. Ethereum trades near $3,620, up 5% in 24 hours, underscoring bullish sentiment driven by large-scale ETH accumulation and ETF inflows.

Bullish

Large-scale ETH acquisitions by SharpLink alongside record spot ETF inflows signal strong institutional confidence in Ethereum. The SEC-approved $6 billion equity raise underscores a sustained buy mentality. In the short term, these buying pressures and ETF inflows can propel price momentum. Over the long term, growing staking activity and corporate treasury strategies are likely to support ETH’s price floor and reduce circulating supply, reinforcing a bullish outlook.