Sharplink Doubles Down on Ethereum – Bullish Bet Amid Crypto Rally

Sharplink just made a power move—loading up on ETH as institutional interest surges. Here's why it matters.

The smart money stacks deeper

No timid DCA here. Sharplink's aggressive accumulation signals conviction in Ethereum's infrastructure dominance—from DeFi to tokenized real-world assets.

Timing the narrative wave

The buy-in comes as ETH flirts with post-merge ATHs, while TradFi analysts still debate whether it's 'a security or a commodity' (spoiler: it's neither).

One thing's clear: while banks file paperwork, crypto natives keep printing alpha.

In brief

• Sharplink bought 30,755 ETH in 48 hours, for a total of $54 million.
• Sharplink’s reserves now reach 480,031 ETH, approximately $1.65 billion.
• Sharplink’s discreet accumulation of ETH revives speculations on a massive institutional return to crypto.

Sharplink buys 30,755 ETH in 48h: details of a shock operation

Between August 1st and 2nd, 2025, an address labeled as Sharplink made a series of purchases totaling 30,755 ETH, for a consideration of $108.57 million. The average entry price stands at around $3,530 per ethereum, according to crypto data from Arkham Intelligence.

Among these acquisitions, a single transaction of 6,914 ETH (about $23.56 million) particularly draws attention due to its size. This order splitting reflects a clear desire not to upset the overall ethereum blockchain order book.

Sharplink operates silently: a finely tuned institutional strategy on Ethereum

The distribution of crypto transfers over several blocks and periods highlights a carefully crafted tactical split strategy. Far from impulsive moves associated with retail traders, Sharplink follows a logic of silent accumulation of ethereum, typical of institutional wallets.

These transactions coincide with important technical levels on ETH, reinforcing the hypothesis of an active and sophisticated management of entry points.

Sharplink holds $1.65 billion in ETH: what are the market consequences?

At the end of this buying spree, Sharplink now holds 480,031 ETH, about $1.65 billion at the time of the last estimate. This makes it one of the most significant non-exchange crypto wallets on Ethereum, alongside iconic figures such as The Ether Machine.

This estimate is slightly down compared to the $1.69 billion reported on July 28. This decline is not due to a reduction in holdings, but rather the drop in the ETH price, which fell from about $3,800 to $3,500 in a few days, despite the increase in the number of tokens held. A volume that gives Sharplink a notable position of influence, with a potential capacity to impact liquidity flows on the network, especially during periods of low volatility.

What impact on Ethereum and its outlook?

The recent accumulation of ETH by such players suggests a renewal of confidence in the network fundamentals. It occurs in a consolidation climate, as the market observes stabilization around the $3,500 mark.

Beyond the numbers, this dynamic raises a prospect: a return of institutional interest in digital assets with high reserve value. If this trend is confirmed, it could reinforce the scarcity of Ethereum in circulation, thus laying the groundwork for a future supply shock in the crypto market.

The accumulation of ETH by Sharplink rekindles institutional interest in Ethereum. Should this be seen as a bet on an imminent bull run or a simple strategic arbitrage? As supply concentrates, the upward pressure could intensify. Will the crypto market absorb this signal without excessive volatility?

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