Sharplink Gaming Inc. stock grew around 28.07% in the previous trading session, reaching $11.98. It opened trading at $9.50 and hit a high of $12.44. The sudden spike in the prices is said to have been backed by the recent addition of $2 million worth of Ether.
According to an X post of Arkham Intelligence dated July 03, 2025, Sharplink Gaming Inc. now holds $485 million of Ethereum.
SHARPLINK GAMING NOW HOLDS $458M OF ETHSharpLink Gaming just staked another $2M of ETH into lsETH. They now hold $458M lsETH. Will they ever stop buying? pic.twitter.com/PaOgPyG2rH
— Arkham (@arkham) July 2, 2025
Market experts attribute this spike in Sharplink Gaming Inc. to investors’ growing confidence in the company and its investment strategy.
Sharplink announced a $425 million private placement in May 2025 led by Consensys Software Inc., to adopt ETH as the primary treasury reserve asset.
Between May 30, 2025, and June 12, 2025, it has been reported that an additional $79 million will be raised through its At-The-Market equity program by selling shares under a $1 billion ATM facility.
It is worth noting that over 90% of Ethereum holdings of SharpLink Gaming Inc. are deployed in staking solutions, contributing to Ethereum’s network security while earning yield.
As of June 22, 2025, the yield earned by SharpLink Gaming Inc., in staking rewards, was 222 ETH. The company is reportedly planning to integrate Ethereum’s blockchain technology, including smart contracts, decentralized finance, and Web3 infrastructure, into its core iGaming and sports betting operations.
A quick overview of the Ethereum price
As of writing, Ethereum was exchanging hands at $2,599 with an intraday surge of 6.24% and in a week, its prices grew nearly 4.77%, its market cap is $313.63 billion, and trading volume is $23.83 billion.
In the past 24 hours, a strong bullish momentum was noted in Ether prices; in the same frame, it traded highest at $2,616 and lowest at $2,432.
The much-awaited mark of $3,000 is still to be surpassed by Ether, yet in the past 30 days it traded in the range between $2,116- $2,877, yet in the past 52 weeks its highest trading price is $4,106 and lowest at $1,386.
Over the last few days, Ethereum has suddenly seen a bullish momentum and is currently trading above 20, 50, 100, and 200-day exponential moving averages.
If Ether keeps the intraday pace, it is expected to test the nearest resistance of $2,785, followed by $2,966 and $3,259, yet its resistance in weekly frames is $4,048, followed by $4,522.
According to the data from TradingView, Ethereum lost around 29% of its price in the past six months and around 23% in the year-to-date time frame.
Ethereum is dominating 9.39% of the crypto market; its dominance is down 2.35% in a month, 27% in the past six months, and 26% in the YTD frame.
