Galaxy Digital receives a significant boost of 14,933 Ether, worth approximately $108 million, after SharpLink decides to transfer its assets.

Galaxy Digital receives a significant boost of 14,933 Ether, worth approximately $108 million, after SharpLink decides to transfer its assets.

In the rapidly evolving world of cryptocurrency, SharpLink Gaming has emerged as one of the most active institutional buyers of Ethereum (ETH) in recent months.

According to recent reports, SharpLink has purchased a substantial amount of Ethereum since early June 2025, amounting to approximately 464,000 ETH with a total value of around $1.62 billion. This aggressive accumulation strategy has positioned SharpLink as the world's largest publicly traded corporate holder of ETH, amassing over 280,000 ETH by mid-July 2025.

SharpLink's Ethereum buying spree shows no signs of slowing down. The company consistently raises capital and deploys it to purchase ETH, demonstrating a commitment to this digital asset as a primary treasury reserve. For instance, SharpLink acquired 18,680 ETH worth $66.63 million in early August 2025, showcasing ongoing accumulation efforts.

The firm allocates essentially all its ETH (~99.7% as of July 2025) into staking protocols, earning staking rewards to maximize yield and actively support Ethereum's network security by removing supply from circulation. SharpLink frames this approach as a mission-driven stewardship, emphasizing responsible industry practices that reinforce Ethereum's health and promote decentralized finance goals.

Beyond treasury management, SharpLink Gaming aims to innovate within the gaming and sports betting industries by integrating Ethereum, smart contracts, and Web3 infrastructure to reshape the iGaming sector for greater transparency and efficiency.

Notably, SharpLink's average buy-in price for Ethereum is $3,029. The firm's approach highlights growing institutional interest in Ethereum as infrastructure. SharpLink has been deploying capital in structured waves, often on weekends or overnight, and has transferred USDC to Galaxy Digital to execute these purchases.

For example, SharpLink transferred $108 million in USDC to Galaxy Digital to buy 14,933 ETH at an average price of $3,550 per ETH, totaling around $53 million. SharpLink subsequently transferred another $55.56 million USDC to Galaxy Digital two hours after the initial purchase.

Galaxy Digital plays a key role in the execution of SharpLink's Ethereum purchases. Analysts at EmberCN are tracking these transactions and have flagged the latest moves. SharpLink stakes most of the ETH after purchase, reinforcing its long-term position.

In summary, SharpLink Gaming's strategy is to build a sizable ETH treasury, stake it to earn returns and network benefits, and pioneer corporate crypto treasury management models while driving Ethereum-based innovations in their core business sectors. The firm's aggressive scaling of its Ethereum holdings resembles MicroStrategy's accumulation model, underscoring a broader institutional trend of blending accumulation with passive income through staking.

1. SharpLink Gaming has been investing in Bitcoin (BTC) as well, following its aggressive Ethereum (ETH) accumulation strategy, with reports suggesting that they acquired approximately 10,000 BTC, worth over $330 million, in late October 2025.
2. With its focus on technology and finance, SharpLink's staking of Ethereum not only generates passive income but also supports Ethereum's network security, reinforcing the company's mission-driven approach to promoting decentralized finance goals.
3. The firm's commitment to Ethereum and Bitcoin, coupled with its innovative initiatives in the gaming and sports betting industries, underscores the significant role of technology in SharpLink's long-term investment strategies.

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