Sharplink Gaming, a registered NASDAQ company, is highlighting it as one of the first public companies to build a financial strategy centered around Ethereum (ETH). On July 29, 2025, Sharplink revealed that its Ethereum holdings reached an impressive 438,190 ETH. Additionally, from July 21st to 25th, it raised net revenues of $279.2 million through market (ATM) offerings, strengthening its aggressive accumulation strategy.
Sharplink’s move is seen by many analysts as a potential turning point for Ethereum’s institutional adoption. While Bitcoin has long dominated the financial strategy of companies, Sharplink’s pivot against Ethereum presents a new narrative of using ETH as a strategic reserve asset. This approach is closely monitored by investors and public companies exploring blockchain integration and distributed financial (DEFI) infrastructure.
Market commentators believe that Sharplink’s initiative could be consistent with a wider shift towards a tokenized financial system, setting precedents for more companies to adopt Ethereum as a core part of their financial strategy. As Ethereum’s role in real-world asset (RWA) tokenization and on-chain payments expands, Sharplink’s accumulation could mark the beginning of a new institutional wave positioning ETH as a future financial asset.
Sharplink Games Deep Ethereum Bets
According to Arkham, an American company specializing in blockchain analytics, Sharplink-related accounts have deployed an additional $100 million to buy Ethereum (ETH). The wallet address, 0xcd9e09b30d481cc33937ce33feb3d94d434f5f75, has accumulated around $800 million worth of ETH on behalf of Charlink games, making headlines for aggressive ETH financial strategies. Additionally, Arkham reports that the account has just sent $108.6 million in USDC to Galaxy Digital’s OTC desk, indicating an even more pressing ETH purchase.
This raised important questions among analysts and investors. How long can I buy Sharplink? And what is this signal for other public companies?
Sharplink’s actions have spurred speculation about new trends. While Bitcoin has historically dominated corporate crypto holdings, Sharplink appears to be pioneering the transition to ETH due to the usefulness of decentralized finance (DEFI), real-world asset (RWA) tokenization, and smart contract infrastructure.
As Ethereum’s role in institutional finance grows, Sharplink’s accumulation serves as a blueprint for other companies, demonstrating how public companies integrate ETH into their long-term capital strategies. A broader meaning? Ethereum could potentially go to center stage along with corporate Treasury Bitcoin, reshaping the institutional crypto landscape.
ETH Price Action Details: Set a fresh lowest price
Ethereum (ETH) is currently trading at $3,406 and continues its downward movement after not surpassing its $3,860 resistance zone. The chart reveals a clear breakdown from the previous integration range, with ETH losing momentum after weeks of bullish price action. Prices currently stand below the simple moving average (SMA) of 50 days ($3,730) and 100 days ($3,691) and show an increase in bear pressure in the short term.
Volume has surged during the recent decline, indicating active sales, but current prices are close to the main support area. The next important level to note is a 200-day SMA of $3,222, which could serve as a vital defensive line for the Bull. If Ethereum cannot hold this zone, a retest at the $2,852 level is likely, indicating a breakout point before early July.
Despite current bearish sentiment, many analysts consider this fix as a healthy pullback within a wider uptrend. Reclaiming bullish structures requires landfills ranging from $3,600 to $3,700. For now, Ethereum remains in a vulnerable position, and the upcoming session is important to determine whether the Bulls can defend key support and try to make another breakout.
Dall-E special images, TradingView chart
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