SharpLink Expands ETH Treasury to 450k, Plans 80% Staking
SharpLink has expanded its Ethereum treasury to 450,000 ETH (approximately $1.3 billion) through two OTC purchase waves, acquiring nearly 180,000 ETH at average prices between $2,800 and $3,238. To fund these buys, the firm raised its stock‐sale capacity from $1 billion to $6 billion, boosting liquidity for ongoing treasury growth. With Ethereum trading near 2025 highs around $3,700, SharpLink’s shares surged over 10% in one day and 206% month-to-date.
Management plans to stake 80% of its Ethereum treasury post-Shanghai upgrade to earn network rewards and lock up circulating supply. This initiative, mirrored by peers such as Bit Digital and BitMine Immersion, underscores rising institutional demand for Ethereum. Traders should monitor OTC order flow and staking metrics as leading indicators of potential bullish momentum for Ethereum.
Bullish
SharpLink’s substantial OTC acquisitions and planned 80% ETH staking indicate strong institutional accumulation and reduced circulating supply, both of which support upward price pressure. In the short term, aggressive buying and stock‐sale funding suggest heightened demand that could drive Ethereum above current levels. In the long term, large-scale staking post-Shanghai upgrade will lock tokens and generate network rewards, lowering sell-side pressure and bolstering market stability. Traders tracking OTC flow and staking metrics can anticipate continued bullish momentum for ETH.