Most recently tracked by Arkham Intelligence, SharpLink Gaming Inc has received 16,374 Ethereum on the last afternoon, from a wallet that bought a token from Galaxy Digital over the counter market.
However, the news of the fresh addition of Ether wasn’t revealed by SharpLink, but known market experts argue that this buying has brought its total holding to 270,000 ETH.
Since late May, SharpLink Gaming Inc. has continued to embrace the 2nd most prominent cryptocurrency, and has been aggressively investing in Ethereum.
The wallet, marked as SharpLink Gaming, also holds LSETH valued at $595.11 million, CROAK 6.969K tokens, and 0.003 DAI.
A timeline of SharpLink Gaming buying Ethereum
On May 27, 2025, SharpLink Gaming announced a $425 million private placement to fund Ethereum purchase, with proceeds intended to establish Ether as the primary treasury reserve.
SharpLink bought 176,270.69 Ethereum for $462.9 million at an average price of $2,626. This was partially funded by $79 million raised through the ATM equity program from May 30 to June 12, 2025.
Between 16 June to 20 June, the company bought an additional 12,207 Ethereum for $30 million at an average price of $2,513, increasing its total holdings to 188,478 Ether.
From June 28 to July 04, 2025, SharpLink Gaming has acquired 7,689 Ethereum for another $19.2 million at an average price of $2,501 per ETH.
It is said that the company has bought Ethereum for more than $500 million with key transactions of $462.9 million, $30.6 million, $19.2 million, $7.09 million, $12.4 million, $25.7 million, and $48.85 million.
Quick overview of Ethereum prices
According to the data from CoinMarketCap, Ethereum is now priced at $3,041 with a weekly surge of 18% and its market capitalization has reached $366.75 billion with an intraday surge of 2.91%.
Source: CoinMarketCap
As of writing, Ethereum is trading above its 20 day, 50 day, 100 day and 200 day exponential moving averages, yet the prices of ETH are still in 5.76% in red in the past six months, is down nearly 9% in the year to date frame and has lost 4.28% in the 52 weeks time frame.
If Ethereum prices continue to grow, its identified resistance levels are $3,259 and $3,500, and if bulls regain control, the expected support levels are $2,119, followed by $2,071 and $1,724.
The relative strength index of Ether is 73.87, indicating neutrality. Commodity Channel Index (20) is 149.17, which indicates sell and bull bear power 457.86, indicating neutrality.
The exponential moving average (10) is $2,833.72, followed by a simple moving average (10) of $2,788.33, and the exponential moving average (20) is $2,710.
