July 28, 2025
5 min read
@cryptonews
SharpLink Gaming adds 77,210 ETH worth 95M to its holdings for staking, pushing total ETH to 438,017 amid bullish market momentum.
SharpLink Gaming Acquires $295M More Ethereum for Staking as ETH Rises 3%
SharpLink Gaming has expanded its Ethereum holdings by purchasing an additional 77,210 ETH over the weekend, valued at approximately $295 million. This latest acquisition brings SharpLink's total Ethereum holdings to 438,017 ETH, worth around $1.69 billion, according to on-chain analytics from Lookonchain.SharpLink (Twitter @SharpLinkGaming) bought another 77,210 $ETH ($295M) and currently holds 438,017 $ETH ($1.69B).
— Lookonchain (@lookonchain) July 28, 2025
Institutional Inflows and Staking Plans
The surge in SharpLink's Ethereum accumulation signals growing institutional interest in ETH, with some analysts forecasting the token could reach $10,000 in the long term. SharpLink has announced plans to deposit the newly acquired ETH into staking, leveraging Ethereum’s 24/7 network availability, unlike traditional banks that close on weekends.Banks close on weekends. Ethereum runs 24/7.
— SharpLink (SBET) (@SharpLinkGaming) July 27, 2025On-chain data shows SharpLink transferred 145 million USDC to Galaxy Digital two days prior. Subsequently, Galaxy Digital withdrew 38,600 ETH (valued at $148 million) from Binance and transferred it to SharpLink, likely completing the recent ETH purchase. Previously, SharpLink acquired 360,807 ETH worth about $1.33 billion last week, making it the largest public firm holder of Ethereum, surpassing companies like Bitmine and Coinbase. Over 95% of SharpLink’s ETH is actively staked or deployed via liquid staking platforms.
🚨 @SharpLinkGaming now holds the most ETH among public firms ($1.33B), surpassing Bitmine & Coinbase.
— Cryptonews.com (@cryptonews) July 24, 2025
ETH Market Outlook Amidst Growing Accumulation
SharpLink’s continued Ethereum accumulation reflects a broader trend of traditional gaming and technology companies increasing their crypto treasury exposure. Ethereum remains resilient amid wider market volatility, rising 3% on Monday to trade around $3,876 at press time. Technical indicators support bullish momentum, with ETH holding above the $3,523 Fibonacci support level and an RSI (14) reading of 81.75. Analysts predict short-term price targets of $4,200 and $4,800, fueled by institutional backing and staking dynamics. Community sentiment on social media highlights a broader wave of growth, with Layer 2 solutions and memecoins expected to rise alongside Ethereum.
This article is based on data and insights from Lookonchain, on-chain analyst EmberCN, and market observations.
Source: Originally published at CryptoNews on July 28, 2025.