Altcoins News

Story: SharpLink Gaming Adds $73M in Ethereum via Coinbase Prime, Total ETH Holdings Near 300K

By Evie Vavasseur

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Breakdown of Recent ETH Purchases. Arkham’s on-chain data indicates that the ETH acquired on Monday was transferred from a Coinbase…

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SharpLink’s Ethereum Strategy Tied to Major Backing. Originally a Minneapolis-based affiliate marketing and iGaming software company, SharpLink…

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ETH Price Trends and Market Sentiment. At the time of writing, Ethereum is trading around $2,970, up 0.

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SharpLink Stock Rises on Crypto Exposure. SharpLink Gaming’s stock (NASDAQ: SBET) has also reacted positively to its Ethereum strategy.

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What’s Next for SharpLink and Ethereum?. While SharpLink has not issued an official statement confirming Monday’s ETH acquisition, the…

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Conclusion. SharpLink Gaming’s $73 million Ethereum purchase is more than a headline—it’s a statement of intent.

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Nasdaq-listed SharpLink Gaming (SBET) has taken another major step in its aggressive Ethereum acquisition strategy, purchasing 24,371 ETH worth approximately $73.

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The latest purchase brings SharpLink’s total Ethereum acquisitions to 62,232 ETH in just four days, valued at around $186.4 million at current market prices.

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Arkham’s on-chain data indicates that the ETH acquired on Monday was transferred from a Coinbase Prime hot wallet to an address associated with SharpLink Gaming.

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These acquisitions reflect SharpLink’s increased exposure to Ethereum at a time when ETH’s price briefly crossed $3,000 for the first time since February 1.

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Originally a Minneapolis-based affiliate marketing and iGaming software company, SharpLink transitioned into the crypto space earlier this year.

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Lubin has since assumed the role of chairman of SharpLink, signaling deeper alignment between the company and the broader Ethereum ecosystem.

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According to EmberCN, SharpLink has now accumulated approximately 294,000 ETH, making it one of the most aggressive Ethereum holders among public companies.

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At the time of writing, Ethereum is trading around $2,970, up 0.9% in the past 24 hours, according to The Block’s Ethereum price data.

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Still, investor sentiment around Ethereum remains bullish, especially with growing institutional participation.

The Currency Analytics

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