Sharplink Gaming bought 56 533 ETH at an average price of USD 4,462. Everything took place in the week ending on August 24.
Sharplink Gaming bought ETH
Sharplink Gaming bought 56,533 USD last week at an average price of USD 4,462 for one Ether, thereby increasing its total resources to almost 800,000 ETH with a value of around USD 3.7 billion. To finance the last purchases of this company, headed by co-founder of Ethereum, Joe Lubin, obtained USD 360.9 million through its AT-THE-market offer.
Behind the company, the fourth in a row, the week in which it buys ETH, all within its strategy, the purpose of which is to create a cryptocurrency treasury. Sharplink has already become one of the largest corporate Ethereum investors in the world, second only Bitmine Immersion Technologies, which company has about 1.7 million ETH with a value of about 7.9 billion USD.
The Sharplink strategy is based on maintaining a certain number of ETH falling on 1,000 divorced actions. Currently, this factor exceeds 4.00, which means more than two times an increase since June 2025, i.e. a period when the company started aggressive shopping of Etheru.
It is also worth adding that the idea of the company’s management board, to become the equivalent of Michael Saylor’s strategy on the Ethereum market, is very interesting and can inspire further companies to follow this path.
People who stand as Sharplink probably decided that Ether’s long -term has greater growth potential than Bitcoin, and therefore decided to shop this cryptocurrency. In addition, there is another element: Lubin thus causes that in the Ethereum ecosystem what has not been achieved permanently after the introduction of The Merge. After this hard fork, the supply of ETH was to fall and be freezed in staking pools. It failed, but the same can be achieved by creating a market trend – buying Etheru by companies that will freeze them in their treasures.
Currently, 69 companies have a total of 4.1 million ETH, which is about 3.4% of the total supply of circulating Ether on the market.
One Ether currently costs just over 4,600 USD.
