According to data from Arkham Intelligence, SharpLink Gaming received 16,374 ETH on Sunday, July 13, from a wallet that had recently purchased the tokens from Galaxy Digital's over-the-counter market. This follows a recent acquisition of 21,487 ETH —worth $63.7 million —marking a rapid accumulation of the world's second-largest cryptocurrency in just a few days.

While SharpLink has not officially confirmed this latest purchase, market watchers at EmberCN estimate that the company now holds around 270,000 ETH .

SharpLink Launches Ethereum $ETH Treasury Strategy

SharpLink, a Minneapolis-based company active in affiliate marketing and iGaming software development, launched its Ethereum treasury strategy in late May. The move coincided with a $425 million private placement led by Consensys , the crypto infrastructure company founded by Ethereum co-founder Joseph Lubin , who also took on the role of chairman of SharpLink's board.

In addition to building its treasury, SharpLink has expressed its commitment to supporting the long-term stability and decentralization of Ethereum.

The company's stock performance reflects its growing exposure to the crypto world: last Friday, the stock closed up 17.15% at $21.65 , likely thanks to the announcement of its purchase of Ethereum.

Last week, Ethereum co-founder Joe Lubin said that the company is buying tens of millions of dollars worth of ETH every day .

“We’re accumulating more and more steadily — we’re able to buy tens of millions of dollars worth of Ether per day,” Lubin told CNBC.

This aggressive accumulation strategy marks a new phase for SharpLink. CEO Rob Phythian revealed in May that the company would expand beyond its traditional core business , selling approximately $425 million in shares to investors including Consensys.

The proceeds will be used to purchase Ethereum, establishing ETH as the primary treasury reserve asset for SharpLink, which currently ranks second among corporate Ethereum holders , behind the Ethereum Foundation and ahead of Coinbase and others.

Ether has seen steady gains, trading around $2,981 and approaching its highest since early February, reflecting the growing investor confidence that SharpLink is capitalizing on.

More and more public companies are diversifying into cryptocurrencies

Following the model introduced by Michael Saylor with his business strategy, more and more listed companies are diversifying their reserves into cryptocurrencies such as BTC, ETH, SOL and XRP $XRP .

Recently, BIT Mining announced plans to raise between $200 million and $300 million to build a treasury in Solana (SOL) , as part of a broader expansion into the dynamic blockchain ecosystem.

Last week, DeFi Development Corp. revealed it had purchased Solana for $2.7 million as part of an aggressive crypto accumulation strategy.

Similarly, Canadian digital asset firm Sol Strategies , already listed on the Canadian Stock Exchange (CSE), holds over 420,000 SOL tokens , positioning itself as a major institutional player in the Solana ecosystem.

Last month, the company also filed to list its common shares on the Nasdaq Capital Market under the ticker “STKE ,” as it accelerates its expansion in the United States.

FOLLOW BE_MASTER BUY_SMART 💰💰💰 Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩

FOLLOW BE_MASTER BUY_SMART 💰💰💰 Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩