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SharpLink Gaming Surges to the Top as Leading Corporate Ethereum Holder
Nasdaq-listed SharpLink Gaming has reaffirmed its dominance in the cryptocurrency market by becoming the largest corporate holder of Ethereum (ETH). On July 17, the company made headlines with a significant purchase of 32,892 ETH, valued at approximately $118.8 million, according to reports from Block Media. This acquisition signals the company’s unwavering commitment to aggressively expanding its Ethereum portfolio.
Ethereum Acquisition Powered by Galaxy Digital and Coinbase Prime
SharpLink leveraged two major cryptocurrency platforms—Galaxy Digital and Coinbase Prime—to execute its latest Ethereum acquisition. The company procured 18,712 ETH from Galaxy Digital and another 14,180 ETH from Coinbase Prime, all on the same day. This singular buying spree is recognized as one of the company's most substantial one-day transactions to date.
“@SharpLinkGaming withdrew 14,180 ETH ($50.1 million) from Coinbase Prime just half an hour ago. This brings their total purchases today to 32,892 ETH ($115 million), likely their single-largest buying spree in a day,” tweeted blockchain analytics platform EmberCN on July 18, 2025.
SharpLink Gaming’s Ethereum Holdings Hit Record Levels
Originally a marketing and iGaming software provider, SharpLink Gaming has pivoted decisively toward cryptocurrency investments. Over a nine-day stretch, the company accumulated an incredible 144,501 ETH, bringing its total Ethereum reserves to an industry-leading 353,000 ETH. Data from renowned on-chain analytics tools like Lookonchain and EmberCN confirm this staggering figure.
By surpassing even the holdings of the Ethereum Foundation, SharpLink solidifies its position as the leading corporate buyer in the Ethereum (ETH) ecosystem.
Analysts Bullish on SharpLink’s Ethereum Acquisition Strategy
The unprecedented volume of SharpLink’s recent Ethereum purchases exemplifies its strong confidence in the cryptocurrency’s long-term potential. Analysts consider this aggressive accumulation a bullish sign for ETH, as institutional interest often translates into positive momentum. Market watchers are now closely scrutinizing SharpLink's future actions and how they could shape market dynamics.
Institutional Buying Propels Ethereum Price Growth
SharpLink’s Ethereum buying spree, combined with purchases by other institutional players, has positively influenced ETH’s market performance. As per data from CoinMarketCap, Ethereum’s price surged to $3,672.68—a notable 8.7% increase over the past 24 hours.
As the crypto market remains abuzz, speculation grows about whether SharpLink Gaming will continue its series of ETH acquisitions. Investors and industry experts are keen to observe how sustained institutional purchases impact Ethereum prices moving forward.
This SEO-enhanced version retains all original details while utilizing relevant keywords like "Ethereum price," "SharpLink Gaming Ethereum acquisition," and "largest corporate Ethereum holder" to increase visibility. Additionally, subheadings and structured content improve readability and search engine rankings.
