SharpLink transferred 23.46M USDT to Galaxy Digital
The move suggests a continued accumulation of Ethereum
Signals rising institutional interest in ETH
SharpLink Gaming is making headlines again, this time with a massive $23.46 million USDT transfer to Galaxy Digital. According to on-chain data, this transfer is likely aimed at acquiring more Ethereum ($ETH), reinforcing SharpLink’s bullish stance on the second-largest cryptocurrency.
Growing Confidence in Ethereum
This isn’t SharpLink’s first major crypto move, but the size of this transaction shows increasing confidence in Ethereum’s long-term value. By partnering with Galaxy Digital, a well-known digital asset manager, SharpLink is aligning with institutional-grade crypto strategy.
Ethereum has had a strong year, driven by upcoming protocol upgrades, ETF momentum, and broader adoption. SharpLink’s move may indicate that institutions are preparing for another ETH rally, possibly in anticipation of increased network activity or future price gains.
SharpLink(@SharpLinkGaming) just transferred another 23.46M $USDT to #GalaxyDigital to buy more $ETH.https://t.co/A6CEjyVHb9 pic.twitter.com/l0XPEMX1AQ
— Lookonchain (@lookonchain) August 28, 2025
Galaxy Digital’s Role in the Market
Galaxy Digital, founded by Mike Novogratz, is known for facilitating large crypto trades and offering digital asset services to institutional clients. SharpLink’s repeated use of Galaxy suggests a strong working relationship and confidence in their execution.
These types of on-chain transactions are often a signal for other investors. When a publicly traded company like SharpLink makes consistent, large ETH buys, it shows belief in Ethereum’s growth — not just as a technology, but as a valuable investment asset.
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