SharpLink Invests $100M More in ETH as Prices Drop

SharpLink Gaming Buys More ETH During Market Correction

SharpLink Gaming has added another large chunk of ETH to its Ethereum treasury. This time, the company bought over $100 million worth of ETH while the market was down. By doing this, SharpLink is likely trying to lower the average cost of its holdings. The current dip in the crypto market gave the company a good opportunity to make a strategic purchase.

On-chain analytics platform Arkham Intelligence shared details of the transaction in a recent post on X. They pointed to an account linked to SharpLink that deployed $100 million to buy ETH. The same account had already purchased $800 million worth of ETH before. This latest move adds to the company's growing Ethereum treasury.

Source: X

$108.6 Million in USDC Sent to Galaxy Digital

The SharpLink-associated address (0xCd9) sent $108.6 million in USDC to Galaxy Digital's over-the-counter (OTC) market, according to data from Arkham. There were two parts to the move. The initial purchase was for USDC 53.009 million. USDC 55.565 million was the second. These sums were probably used to purchase ETH at the going rate.

Based on the price of ETH at the time, the purchase should bring in around 31,941 ETH. SharpLink already holds 438,200 ETH. This figure does not include the most recent acquisition. These numbers show that SharpLink is taking its Ethereum treasury seriously and wants to hold even more ETH in the long run.

ETH and the larger cryptocurrency market are now moving lower at the time of this purchase. Earlier this week, ETH fell from a high of roughly $3,900 locally. Investors were recently urged by Eric Trump to purchase the dip. One could see SharpLink's action as adhering to that recommendation. The business is not by itself. This downturn is being viewed by many investors as an opportunity to buy.

More businesses are considering ETH as a long-term asset, as seen by SharpLink's acquisition of the cryptocurrency. Companies already own more than $10 billion worth of Ethereum, according to a CoinGape analysis. This indicates that corporate treasuries are becoming more interested in Ethereum.

BitMine, led by Tom Lee, holds the most ETH among companies. Their Ethereum treasury has 625,000 ETH. SharpLink comes next. The Ether Machine holds 334,800 ETH, Ethereum Foundation holds 233,600 ETH, and PulseChain has 166,300 ETH. These figures show strong institutional support for Ethereum.

Source: X

Tom Lee has always been vocal about his support for ETH. He became Chairman of BitMine after the company adopted Ethereum as a core asset. In a recent interview, he said that ETH could still hit $15,000. He pointed to Ethereum’s strong fundamentals and legal clarity. He also mentioned that the Ethereum network rarely experiences downtime. These features give ETH a better position for future growth, especially as tokenization becomes more common.

Many experts believe Ethereum will lead the next wave of blockchain growth through tokenization. Its stability, smart contract features, and wide adoption give it an edge. Companies like BitMine and SharpLink are placing large bets on this vision. Their Ethereum treasuries are proof of their belief in the network’s future.

SharpLink’s decision to buy over $100 million in ETH during a market dip shows confidence in Ethereum’s long-term value. The company now holds close to half a million ETH. With corporate interest in Ethereum growing and leaders like Tom Lee predicting strong price growth, Ethereum’s role in financial strategy is becoming clearer. Companies are not just watching the market—they are acting on it.