Ethereum News Today: SharpLink Purchases 77,210 ETH 295M Surpassing Ethereum 30-Day Supply Now Holds 1.7B Treasury

SharpLink Gaming, a Nasdaq-listed company known for its aggressive Ethereum (ETH) accumulation strategy, has acquired an additional 77,210 ETH (approximately $295 million) on July 6, 2025, according to on-chain analytics firm Lookonchain [1]. This purchase surpasses Ethereum’s total network issuance of 72,795 ETH over the past 30 days, marking a significant milestone for the company’s treasury strategy. SharpLink now holds 438,017 ETH in its reserves, valued at $1.7 billion at current market prices, making it the second-largest ETH holder globally after Bitmine Immersion Tech, which holds over $2 billion in ETH [1].

The transaction, executed on a weekend when traditional financial markets are closed, underscores SharpLink’s focus on Ethereum’s 24/7 liquidity. The company highlighted this dynamic in a X post, stating, “Banks are closed on weekends. Ethereum runs 24/7” [1]. This approach aligns with its broader strategy of treating ETH as a strategic reserve asset, a model reminiscent of MicroStrategy’s Bitcoin accumulation playbook. SharpLink has been purchasing ETH weekly, with this latest acquisition representing the largest single-week purchase in its history.

The company’s growing ETH holdings now exceed those of the Ethereum Foundation itself, a development that could reshape perceptions of institutional confidence in the asset. SharpLink’s treasury expansion also includes strategic hires, such as the recent appointment of former BlackRock executive Joseph Chalom as co-CEO, signaling a shift toward institutional-grade asset management [1]. The move highlights the company’s ambition to position ETH as a core component of its balance sheet, leveraging its decentralized infrastructure for continuous, round-the-clock treasury operations.

The scale of the purchase raises questions about its market implications. By outpacing Ethereum’s network issuance, SharpLink’s buying activity could influence short-term price dynamics, particularly if other institutional buyers adopt similar strategies. However, the transaction’s significance extends beyond immediate market reactions. The company’s ability to amass such a large ETH reserve in under a year reflects the accelerating adoption of cryptocurrencies as institutional-grade assets. This trend is further reinforced by SharpLink’s partnerships with on-chain analytics platforms like Arkham, which provide transparency into its acquisition activities—a critical factor for institutional credibility.

The purchase also highlights the unique advantages of Ethereum’s decentralized network. Unlike traditional markets, Ethereum’s 24/7 operability allows institutions to execute large-scale transactions outside conventional trading hours. SharpLink’s strategy capitalizes on this feature, enabling it to bypass regulatory and operational constraints that limit fiat-based treasury management. While the company has not disclosed long-term price targets, its continued accumulation suggests a long-term bullish outlook on ETH’s utility and value proposition.

For now, the focus remains on SharpLink’s execution. Its ability to grow its treasury to $1.7 billion without triggering regulatory scrutiny indicates a calculated approach to institutional crypto adoption. The company’s success could serve as a template for other firms, provided macroeconomic conditions and regulatory frameworks remain favorable. As the crypto sector continues to mature, SharpLink’s actions underscore a broader shift toward decentralized assets as strategic reserves, with Ethereum emerging as a central player in this transition [1].

Source: [1] [MicroStrategy Has Bought This Altcoin Again! "More Altcoins Issued in the Last 30 Days!"] [https://en.bitcoinsistemi.com/microstrategy-has-bought-this-altcoin-again-more-altcoins-issued-in-the-last-30-days/]