SharpLink Gaming Approaches 500,000 ETH Milestone with $295M Strategic Purchase
In a bold move underscoring its bullish stance on Ethereum, SharpLink Gaming has acquired an additional $295 million worth of ETH, bringing its total holdings to 438,017 ETH. This strategic purchase edges the company closer to its 500,000 ETH target, solidifying its position as the second-largest corporate holder of Ethereum, just behind BitMine Immersion. The newly acquired ETH has been staked in batches through Figment, a leading institutional staking infrastructure provider, signaling SharpLink's long-term commitment to the ethereum ecosystem. As of August 2025, this development highlights growing institutional confidence in ETH's value proposition and its role in the future of decentralized finance.
SharpLink Gaming Nears 500,000 ETH Milestone with $295M Purchase
SharpLink Gaming has significantly bolstered its Ethereum reserves with a $295 million acquisition, bringing its total holdings to 438,017 ETH—edging closer to a 500,000 ETH target. The move, detected by blockchain analysts, positions the firm as the second-largest corporate holder of ETH, trailing only BitMine Immersion.
The newly acquired ETH was staked in batches via Figment, a institutional staking infrastructure provider. SharpLink's aggressive accumulation strategy appears to be paying off, with its stock (SBET) surging 120% over the past month.
This transaction marks the first major MOVE under new leadership, following the appointment of Joseph Chalom as Co-CEO. The market is clearly rewarding SharpLink's conviction in Ethereum's long-term value proposition.
BTCS Inc. Expands Ethereum Holdings to $270 Million Amid Strategic Growth
BTCS Inc. has aggressively increased its Ethereum reserves, adding 14,240 ETH to reach a total of 70,028 tokens. At current prices NEAR $3,850 per ETH, the position is now valued at approximately $270 million.
The Nasdaq-listed company raised $207 million in 2025 through a hybrid DeFi/TradFi strategy designed to maximize ETH exposure while limiting shareholder dilution. This approach combines decentralized finance mechanisms with traditional capital markets efficiency.
Separately, BTCS secured $10 million through convertible note financing priced at a premium to market rates. Proceeds will fund expansion of blockchain infrastructure operations.
HashKey Capital Moves $47M in Ethereum to OKX, Sparking Sell-Off Concerns
Ethereum's rally shows signs of fatigue as institutional players appear to take profits. HashKey Capital transferred 12,000 ETH ($47.18 million) to OKX, a move typically preceding sell orders. The timing precedes the Federal Reserve's rate decision, a potential volatility catalyst for risk assets.
Market analysts note such whale activity often precedes short-term corrections, particularly when macroeconomic uncertainty looms. Ethereum had recently tested $3,900 before retreating, with the market now watching for whether this transfer signals a broader de-risking trend among institutional holders.
Lookonchain's on-chain data reveals the transaction originated from a wallet linked to HashKey, a major crypto investment firm. The transfer coincides with Michaël van de Poppe's technical analysis suggesting Ethereum may be at an inflection point after its recent breakout.
Ethereum’s $4,000 Resistance: A Pivotal Moment for Bullish Momentum
Ethereum faces a decisive test at the $4,000 resistance level, with market indicators suggesting a potential breakout toward $6,000 or a retreat to $3,500. The MACD indicator flashes bullish signals, with the 12-period line firmly above the 26-period signal line, reinforcing upward momentum.
Trading volume surged 62.14% to $96.26 billion, reflecting intensified investor interest. A successful breach of $4,000 could propel ETH to new all-time highs, while rejection may trigger a corrective phase. Market participants await the next move with heightened anticipation.
Analyst Predicts ETH Could Surge to $13K by Q4 with $8K as Conservative Target
Pseudonymous crypto analyst "Wolf" has projected a bullish trajectory for Ether (ETH), forecasting a potential rise to $13,000 as early as the fourth quarter. Even under conservative estimates, Wolf anticipates ETH surpassing $8,000—more than double its current valuation. The prediction follows ETH's breakout to new all-time highs, though Wolf cautions investors to brace for a 20%-25% correction post-breakout, describing it as a "final shakeout" before sustained upward momentum resumes.
Institutional interest in ETH appears to be accelerating. SharpLink Gaming (SBET), a Nasdaq-listed firm, has aggressively expanded its ETH holdings, purchasing an additional 77,210 ETH for approximately $295 million this week. The company now holds 438,017 ETH, valued at $1.69 billion, solidifying its position as the largest corporate holder of Ether. This move coincides with the appointment of former BlackRock executive Joseph Chalom as co-CEO and follows the disclosure of 567 ETH earned through staking rewards.
Market sentiment around ETH is shifting, notes Placeholder Ventures partner Chris Burniske, as institutional adoption and staking yields continue to drive demand. The convergence of technical analysis and fundamental growth signals a pivotal moment for Ethereum's market trajectory.
SharpLink Gaming Becomes Largest Corporate Ethereum Holder Amid Market Dominance Surge
SharpLink Gaming has acquired an additional 77,210 Ethereum (ETH) worth $295 million, solidifying its position as the largest corporate holder of the cryptocurrency. The firm's total holdings now stand at 438,017 ETH, valued at $1.69 billion. This aggressive accumulation strategy began in July 2025 with a 10,000 ETH purchase from the Ethereum Foundation at $2,572 per token.
Ethereum's market dominance has reached 12%, its highest level in five years, as the asset challenges key resistance levels. The cryptocurrency has posted impressive 60% gains over a 30-day trading period, reflecting strong market momentum. SharpLink's buying spree peaked in late July with a weekly acquisition of 79,949 ETH at an average price of $3,238 per token.
