SharpLink Adds 14,933 ETH with $108M USDC-Funded Purchase

Published: 2025-08-03 00:14:55 |

SharpLink’s Ethereum accumulation continues to gain momentum. The firm transferred 108 million USDC to Galaxy Digital to purchase 14,933 ETH at an average price of $3,550. Following an earlier $53 million Ethereum buy, SharpLink returned $55.56 million USDC before resuming purchases. Since June, the company has acquired 464,000 ETH (valued at $1.62 billion) at an average entry price of $3,029, securing about $214 million in unrealized gains. Under the leadership of Ethereum co-founder Joseph Lubin, SharpLink’s institutional strategy highlights rising crypto adoption and signals bullish prospects for Ethereum traders.

Bullish

SharpLink’s large-scale Ethereum purchases signal growing institutional confidence. In the short term, these significant USDC-funded buys can drive upward price pressure on Ethereum by reducing available supply and attracting momentum traders. Over the long term, the firm’s sustained accumulation underscores durable demand, bolstering market stability and potentially encouraging other institutions to follow suit. Overall, this pattern suggests a bullish outlook for Ethereum’s price trajectory.