October 27, 2025 | New York
SharpLink Gaming (NASDAQ: SBET) is once again in the spotlight after significantly expanding its Ethereum (ETH) holdings amid renewed optimism in the crypto market.
According to on-chain data from Lookonchain, SharpLink purchased 19,271 ETH, valued at approximately $78.3 million, bringing its total Ethereum treasury to 859,853 ETH — worth more than $3.6 billion at current prices.
This latest accumulation strengthens SharpLink’s position among the largest corporate holders of Ethereum globally, underscoring the company’s strategic shift toward blockchain-based assets and tokenization initiatives.
“SharpLink is clearly positioning itself as a leader in blockchain integration within the gaming and fintech sectors,” said analysts at Strategic ETH Reserve.
Institutional Confidence in Ethereum Grows
Corporate treasuries now collectively hold 5.98 million ETH, worth roughly $25.18 billion — representing nearly 4.94% of Ethereum’s total circulating supply. The data points to continued institutional accumulation, even amid broader market volatility earlier this year.
SharpLink’s Ethereum expansion follows its announcement to tokenize its Nasdaq-listed SBET shares directly on Ethereum in partnership with Superstate. The move goes beyond passive holding, reflecting a long-term strategy to integrate programmable, yield-bearing digital assets into corporate finance infrastructure.
Ethereum Price Momentum Builds
Ethereum is currently trading around $4,238, up 7.5% in the past 24 hours and 4.6% over the week, as per data from crypto.news. The second-largest cryptocurrency is reclaiming lost ground from early October and approaching a key resistance level near $4,250.
Analysts note that a clear breakout above $4,253 could open the path toward October’s highs of $4,730–$4,750, signaling renewed bullish momentum. The RSI indicator continues to rise, reflecting stronger buying pressure.
However, if ETH fails to sustain above the $4,200 level, short-term corrections could bring prices back to support around $3,750 — though sentiment remains broadly positive given institutional inflows and treasury expansion activity.
Outlook
With steady on-chain accumulation, growing corporate adoption, and technical strength, Ethereum appears to be regaining its footing after recent market turbulence.
SharpLink’s bold treasury expansion signals confidence not only in ETH’s price trajectory but also in its foundational role in the next phase of digital finance.
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