SharpLink Gobbles Up 77,210 ETH—Dwarfing Ethereum’s Entire Monthly Issuance

Move over, miners—SharpLink just outflanked Ethereum’s entire supply pipeline in one audacious buy.

The scoop: While retail traders chase memecoins, institutional players are quietly vacuuming up real assets. SharpLink’s 77,210 ETH haul isn’t just a flex—it’s a liquidity black hole that could send shockwaves through DeFi’s fragile equilibrium.

Why it matters: This single purchase eclipses the network’s monthly minting output by a country mile. Somewhere in Zug, a CFO just spilled their artisanal cold brew over their tokenomics spreadsheet.

The kicker: Watch for ripple effects as ETH’s circulating supply gets squeezed tighter than a VC’s exit strategy. Pro tip: When whales eat this aggressively, plankton like us should probably mind the splash zone.

In Brief

• SharpLink purchased 77,210 ETH for $295 million, exceeding Ethereum’s monthly issuance.
• With $1.69 billion in ETH, SharpLink becomes the world’s second-largest institutional holder.
• SharpLink’s acquisition of 77,210 ETH and 17 days of inflows into ETFs could drive Ethereum to $5,000 by the end of 2025.

A Record Operation: SharpLink Buys More Ethereum Than the Network Issues

SharpLink Gaming acquired 77,210 ETH for a total of $295 million. The operation was executed on-chain between July 27 at 5 PM and July 28 at 2 AM UTC. This purchase volume exceeds the net amount of Ethereum issued in the last 30 days, which was 72,795 ETH. In other words, a single entity absorbed more than what the crypto network issued in an entire month.

This accumulation level fits within a strengthened scarcity dynamic since Ethereum’s transition to proof-of-stake (PoS) and the introduction of the burn mechanism via EIP-1559. The crypto token gains appeal as a digital asset with controlled issuance. This is supported by a monetary structure with a deflationary tendency.

$1.7 Billion: SharpLink Goes on the Offensive in ETH Crypto

With a crypto portfolio now estimated at 438,017 ETH, valued at approximately $1.69 billion, SharpLink becomes the second most exposed publicly traded company to Ethereum, just behind BitMine Immersion Technologies. This positioning makes it a leading player in the institutional holders ecosystem.

The group’s management reflects this rise in power. Joseph Chalom, a former BlackRock executive with two decades of experience, has been appointed co-CEO.

Meanwhile, Joseph Lubin, co-founder of Ethereum and founder of Consensys, recently joined the board of directors as chairman. These appointments signal a clear strategic shift: SharpLink is no longer limited to technology or gaming but aims to become a driving force in digital finance backed by Ethereum.

Towards $5,000? Institutional Surge Propels Ethereum to New Heights

Between July 9 and 25, 2025, Ethereum ETFs recorded 17 consecutive days of net inflows, setting an unprecedented record for a crypto asset. This dynamic precisely coincides with SharpLink’s massive purchase of 77,210 ETH, totaling $295 million.

These operations strengthen the hypothesis of a major institutional turning point: ETH is becoming a preferred target for funds, in a context where demand far exceeds the supply created by the network. This synergy of inflows and strategic purchases could propel Ethereum’s price to new heights and aim for $5,000 by the end of 2025.

SharpLink’s offensive, combined with the frenzy around Ethereum ETFs, pushes ETH to the center of institutional strategies. As supply becomes scarce, the price could soar. Is Ethereum becoming the future benchmark digital reserve? The battle for its dominance of the crypto market is just beginning.

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