SharpLink Gaming’s $5B Ethereum Grab: Is This the Supply Shock That Sends ETH to the Moon?
Game on—SharpLink Gaming just placed a $5 billion bet on Ethereum. The move sparks whispers of a looming supply crunch as institutional players keep swallowing crypto whole.
Supply shock or hype train?
The gaming giant’s massive buy-in could yank ETH off exchanges faster than a degenerate gambler cashing out during a bull run. With Ethereum’s circulating supply already tighter than a banker’s grip on a dollar bill, this $5B scoop might just be the match that lights the fuse.
Wall Street’s watching—and sweating. While traditional finance still clutches its pearls over crypto volatility, SharpLink’s play proves the smart money’s already stacking ETH like poker chips. One question remains: Will this trigger the mother of all FOMO rallies, or is the market about to learn a painful lesson about overleveraged bets?
Either way—buckle up. When gaming meets DeFi, things get interesting faster than a margin call at a hedge fund.
SharpLink Becomes Largest Corporate Holder Of Ethereum
SharpLink Gaming has officially become the largest corporate holder of Ethereum. In its latest prospectus supplement filed with the US SEC on July 17, 2025, the company confirmed that it has increased the total amount of common stock it may sell under its Sales Agreement with A.G.P./Alliance Global Partners to $6 billion. This figure includes the initial $1 billion under the May 30 prospectus and an additional $5 billion authorized by the recent supplement.
These proceeds are being directed to Ethereum purchases as part of SharpLink’s crypto treasury strategy. As of today, the company holds 280,706 ETH—valued at approximately $1 billion—on its balance sheet.
This bold allocation not only positions SharpLink as a pioneer in corporate Ethereum adoption but also places significant upward pressure on ETH’s long-term scarcity. At current issuance rates, it WOULD take the Ethereum network approximately 2.5 years to produce 1,436,000 ETH—the equivalent volume SharpLink could accumulate if the full $6 billion were converted into ETH at today’s prices.
This aggressive strategy signals growing confidence in Ethereum’s role as a long-term store of value and infrastructure for Web3. It could also mark a turning point in corporate crypto accumulation beyond Bitcoin.
ETH Price Action Details: Key Levels To Watch
Ethereum (ETH) is showcasing a powerful bullish structure on the daily chart, surging to $3,606.38 with a 3.64% gain on the day. After breaking through the long-standing resistance around $2,850, ETH confirmed the breakout with strong volume, suggesting conviction behind the move. Price is now significantly above the 50, 100, and 200-day simple moving averages—currently at $2,640, $2,359, and $2,475, respectively, indicating a full bullish trend alignment across timeframes.
The chart shows a clear breakout from a consolidation phase that lasted for several weeks. Once ETH reclaimed $2,850 and flipped it into support, momentum accelerated. Since then, ETH has printed several large-bodied candles with minimal wicks, a sign of aggressive buying.
Volume has surged in recent days, reinforcing the strength of this rally. The current price action suggests a market driven by institutional participation, likely influenced by macro developments like ETF inflows and regulatory clarity in the US.
Featured image from Dall-E, chart from TradingView
