SharpLink Gaming, a Nasdaq-listed sports gaming technology firm, has expanded its Ethereum holdings with a substantial purchase of 19,271 ETH worth approximately $78.3 million, according to on-chain data reported by Lookonchain. The acquisition, which follows a month-long pause in buying, reinforces SharpLink’s standing among the world’s largest corporate holders of Ethereum and shows its commitment to digital assets as a component of its treasury strategy.
After a month of silence, SharpLink(@SharpLinkGaming) bought another 19,271 $ETH($78.3M).https://t.co/ptQ6SF4RI4 pic.twitter.com/7k8chA8M90
— Lookonchain (@lookonchain) October 27, 2025
With this latest accumulation, SharpLink’s total Ethereum holdings now stand at about 859,853 ETH, valued at more than $3.62 billion based on current market prices. The purchase highlights the company’s conviction in Ethereum as a long-term store of value and strategic reserve.
Integration of tokenization and treasury strategy
Beyond accumulation, SharpLink is making moves to integrate Ethereum more deeply into its business operations. The company recently revealed plans to tokenize its Nasdaq-listed SBET shares directly on Ethereum in partnership with Superstate. This move marks a key step toward blending traditional equity instruments with blockchain-based infrastructure, which signals a growing trend of on-chain corporate finance.
The tokenization initiative aligns with SharpLink’s broader treasury policy, which focuses not only on holding ETH passively but also on leveraging its programmable features to pursue yield-bearing and liquidity-efficient strategies.
“Our top priority remains creating value for shareholders through disciplined execution and a relentless focus on accretive ETH accumulation,” said Joseph Chalom, SharpLink’s Co-CEO, in a October 21 announcement.
Ethereum’s market momentum supports buying conditions
SharpLink’s purchase comes as Ethereum’s price continues to show signs of recovery. At the time of writing, ETH is trading at $4,151, up 3.53% in the past 24 hours, according to TradingView data. This upward movement suggests renewed investor confidence and strengthening market sentiment ahead of key macroeconomic data releases, including the upcoming US inflation report.
On the technical front, Ethereum is testing a crucial resistance level near $4,250 after rebounding strongly from support around $3,750. A clear break above the $4,253 zone could confirm a near-term breakout, potentially paving the way for a move toward the $4,730-$4,750 range, the previous monthly highs.
However, failure to hold above the $4,100 support level could trigger a short-term pullback, with secondary support near $3,750. Despite this, current market structure and trading volume point toward continued consolidation in a bullish environment.
Growing corporate adoption of Ethereum
According to data from Strategic ETH Reserve, corporate treasuries collectively now hold approximately 5.98 million ETH, valued at around $25.18 billion. This figure represents nearly 4.94% of Ethereum’s total supply, indicating growing institutional interest in Ethereum as both a technological and financial asset.
SharpLink’s recent accumulation reinforces this broader trend. Since launching its Ethereum treasury strategy on June 2, the company has earned 5,671 ETH in staking rewards, further boosting its on-chain yield performance. Moreover, its ETH concentration ratio has climbed to 4.0, up 100% since the initiative’s inception, according to their week-ending report.
A sign of conviction amid shifting market dynamics
With Ethereum showing renewed strength and corporate adoption on the rise, SharpLink’s steady accumulation strategy signals both confidence and foresight. Its combination of aggressive treasury management and pioneering on-chain integration positions the company at the forefront of the evolving intersection between traditional finance and decentralized ecosystems.
As the crypto market regains footing, SharpLink Gaming’s continued expansion of its Ethereum holdings and commitment to tokenization could serve as a template for other publicly traded firms exploring blockchain-based corporate finance solutions.
Gunel Ismayilova
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