The blockchain community is once again “stirred up” as SharpLink Gaming – one of the leading names in the field of gaming and Web3 finance – continues its Ethereum treasury strategy by purchasing an additional 11,259 ETH, worth $43.09 million. The transaction was made via the OTC (Over-the-Counter) method with partner Galaxy Digital, using USDC as the means of payment.
This move brings SharpLink’s total ETH holdings to 449,276 ETH, equivalent to $1.73 billion at market price, helping the company significantly shorten the gap with BitMine Immersion Technologies – the unit currently owns 625,000 ETH.
Long-Term “ETH Treasury” Strategy: From Vision to Execution
In less than a week, SharpLink spent a total of more than $338 million to buy an additional 88,469 ETH, with major purchases in late July and early August. Previously, on July 29, BitMine also “poured” another $224 million into ETH, becoming the world’s largest Ethereum holder.
However, in terms of growth rate and trading frequency, SharpLink shows that they are pursuing a more aggressive and systematic ETH accumulation strategy. The use of the OTC form also partly shows careful calculation in minimizing market impact, maintaining stability and investor confidence.
Market Responds Positively: SBET Increases Nearly 100% In One Month
Unlike previous purchases that have made investors nervous, this latest deal has pushed SharpLink's SBET stock up more than 5% in the US pre-market trading session, currently trading around $19.56/share - equivalent to an increase of nearly 100% in just 30 days.
SBET's impressive growth comes not only from the amount of ETH the company is holding, but also from investors' strong belief in the long-term Web3 vision that SharpLink is steadfastly pursuing.
Partners in the Digital Financial Space
In Vietnam, in the context of the increasingly vibrant Web3 and digital asset market, HVA Group is proud to be one of the pioneers accompanying organizations, businesses and investors on the journey to access the world of decentralized finance.
Inspired by well-planned strategies like SharpLink's, HVA Group continuously promotes the development of the Web3 community, supports research, digital asset investment consulting, risk management and digital portfolio optimization.
We believe that the future of digital finance will be shaped by companies with long-term vision, strategic investment, and strong execution capabilities – just like SharpLink is doing.
Conclude
SharpLink’s continued acquisition of tens of thousands of ETH is not only a positive sign for the company itself, but also a measure of the confidence of large institutions in the long-term potential of Ethereum and the Web3 ecosystem. SBET’s breakout on the stock market also shows that the market is beginning to re-evaluate the role and value of well-thought-out digital asset strategies.
