SharpLink has purchased approximately 15,822 ETH worth over $54 million, bringing its total ETH holdings to about 480,031 ETH, valued at roughly $1.65 billion as of 09:30 UTC today.
Key Takeaways:
- Sharplink laid out $108.57 million in USDC to acquire 30,755 ETH over the past 48 hours at an average cost of $3,530/ETH, with $43.09M spent at ~$3,828 for 11,259 ETH and $53.9M for 15,822 ETH in recent trades.
- Cumulative holdings now totaled at 480,031 ETH, making the company one of the largest ETH holders with approximately $1.65 billion in treasury exposure.
- Institutional interest in Ethereum is on its rise as executives highlight staking yields, programmability and RWA adoption as drivers, viewing ETH as strategic digital infrastructure.
Sharplink continued to accumulate Ethereum (ETH) aggressively, adding roughly 15,822 ETH which is worth $53.9 million, over the past several hours, according to on-chain data recently provided by Arkham Intelligence. The largest single transfer from the batch reached over 6,914 ETH, with is equivalent to $23.6 million.
These buys are part of a broader 48‑hour spree in which SharpLink deployed $108.57M in USDC to acquire a total of 30,755 ETH at an average price of $3,530 per coin. A chunk ($43.09M) occurred on Thursday with an average entry at around $3,828, as emphasized in CoinTelegraph’s recent report.
Now that Sharplink currently holds 480,031 ETH after the back-to-back acquisitions, their corporate wallet now totals to approximately $1.65 billion based on current market pricing, making the marketing company one of the three largest ETH holders globally, following BitMine and ahead of other public firms like The Ether Machine.
The recent ETH purchase was recently documented by Lookonchain through an X post, where they also mentioned their purchase of the same token just last 48 hours, emphasizing their total holdings of $1.65 billion.
Price & Market Impact
Technicals remain mix focusing on Ethereum. As of writing (11:00 AM UTC), the token trades just under recent swing highs near $3,540–3,550, while the 14‑day RSI is neutral, suggesting balanced demand. However, an indication of being bearish is observed in MACD, but bullish in the stochastic oscillator, signaling that the recent buying has not yet fully shifted momentum.
SharpLink’s buying appears timed just after Ethereum breached the critical $3,500 resistance on strong institutional interest and ETF speculation, but ETH has since softened slightly with its cuurent price at roughly $3,495, down 0.4% over the past 24 hours according to CoinGecko’s latest market statistics.
What’s Next
Ethereum's near‑term price action may test support around $3,450–3,500, with upside resistance at roughly $3,750–3,800. Continued accumulation by corporate holders or broader ETF inflows could lift ETH above $4,000. On the flip side, worsening macro sentiment or profit taking may pull price back toward $3,200.
Shorter‑term traders should watch RSI and MACD for shifts: if RSI climbs above 70 and MACD turns positive, it could signal fresh momentum. Otherwise, mixed indicators may imply consolidation.
Sharplink’s aggressive accumulation of ETH is a clear demonstration of the a major corporate endorsement of the token’s worth, making it a valuable investment with great potential of price appreciation that will help them grow the value of their corporate treasury. If more institutions follow suit, we may see renewed bullish momentum pushing Ether back toward its 2025 highs and beyond.
Summary
SharpLink has purchased 15,822 ETH (~$54 million), boosting its total holdings to 480,031 ETH, worth $1.65 billion as of August 3, 2025. This follows a 48-hour spree involving $108.57M in USDC, averaging $3,530 per ETH. The firm is now among the top three corporate ETH holders globally. While Ethereum’s price is slightly below recent highs ($3,495), analysts note neutral-to-bullish indicators, with potential for upside if institutional accumulation continues. SharpLink’s move reaffirms ETH’s position as a strategic treasury asset, signaling institutional belief in staking, programmability, and long-term utility.
