Sharplink Gaming has doubled on his Ethereum cash strategy with a significant purchase of more than 31,000 ETH.
This decision reflects the growing interest of businesses for ETH as a reserve ratio and further signals the role of speed change of digital assets in institutional portfolios.
Sharplink’s Ethereum rupture reports $ 45 million in unpaid profit
According to Blockchain data followed by Embercn via Arkham Intelligence, Sharplink acquired 21,487 ETH on July 12, or $ 64.26 million.
Sharplink divided the ETH acquired between two platforms, buying 14,693 ETH from Galaxy Digital for $ 43.89 million and 6,804 ETH of Coinbase Prime for $ 20.37 million.
This follows a separate purchase of 10,000 ETH the day before, directly from the Ethereum Foundation for $ 25.7 million. The total purchase of the company during the two days reached 31,487 ETH.
While some observers consider the sale of the Ethereum Foundation as a routine funding movement, this has aroused criticism within the cryptographic community. The detractors described the unloading of the ETH by the Foundation as a lack of confidence in the digital assets.
However, the foundation said that funds will be used to support the basic functions. These include protocol research, community subsidies and the development of ecosystems.
“This went to an ETH portfolio company; ETH microstrate: fundamentally, it went to the most given in diamond buyers as possible. It is literally their thing; you can also consider this ETH as it is withdrawn from the supply / burned,” said Binji Pande, a contributor to the Foundation, explained.
Sharplink’s latest purchase came then that ETH crossed the threshold of $ 3,000 on July 11 for the first time since February 2025.
Since June, Sharplink has accumulated around 253,000 ETH as part of his ETH treasure strategy. The company Jallu all its assets to help secure the network while generating a return.
According to Arkham Intelligence Data, this approach led to an unrealized profit of approximately $ 45 million.
The president of the company and co-founder Ethereum, Joseph Lubin, stressed that the accumulation of the ETH of the company is a strategic decision, and not a short-term trade. He explained that Sharplink actively acquires ETH, marked him out and reappear it.
According to him, this approach is designed to support the long -term growth of the Ethereum network
“We consider this to be the beginning of something bigger-a model for the way organizations focused on the mission can work to advance the shared objectives of decentralization, economic empowerment and native funding for the protocol,” he said.
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