On Tuesday, the largest publicly traded holder of Ethereum announced that it had strategically increased its total holdings to 188,478 ETH.<\/p>\n
The firm acquired an additional 12,207 ETH for $30.6 million at an average price of $2,513 per ETH, between June 16 and 20, it added<\/a>.<\/p>\n SharpLink\u2019s Ethereum treasury is currently worth around $460 million at current market prices.<\/p>\n SharpLink Gaming has acquired another 12,206 ETH at an average price of $2,513.<\/p>\n Total holdings are now 188,477 ETH.<\/p>\n Accelerate.<\/p>\n \u2014 sassal.eth\/acc (@sassal0x) June 24, 2025<\/a><\/p>\n\n The Minneapolis-based firm funded the purchase by raising $27.7 million in net proceeds through its at-the-market offering, selling over 2.5 million shares.<\/p>\n SharpLink said that all of its Ethereum holdings have been staked, generating 120 ETH rewards, or around $293,000, since it launched its ETH-focused treasury strategy on June 2. It added that since then, the firm has achieved ETH per share growth of 19%.<\/p>\n SharpLink board chairman and CEO of ConsenSys, Joseph Lubin, said increasing Ethereum holdings underscores the firm\u2019s \u201cforward-thinking approach to creating long-term value.\u201d<\/p>\n \u201cThis move reflects our confidence in Ethereum\u2019s utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders alike.\u201d<\/p>\n The move follows a $450 million funding round earlier this month from a wide range of investors, including ConsenSys, Galaxy, and Pantera Capital.<\/p>\n Institutional investors and funds remain keen on Ethereum even if retail is staying away. BlackRock\u2019s ETHA fund bought $98 million worth of the asset on Tuesday.<\/p>\n The nine spot Ether ETFs in the United States have seen more than $1 billion in inflows so far this month, with just two minor outflow days. This represents a quarter of the entire aggregate inflow for spot ETH funds since they launched in mid-2024 \u2026 in less than a month!<\/p>\n Ethereum has struggled<\/a> over the past week, falling below $2,200 on Monday and only managing to recover marginally.<\/p>\n The asset has failed to reclaim resistance at $2,500 and was wallowing around $2,440 at the time of writing, following a minor gain on the day.<\/p>\n Aside from the dip earlier this week, Ethereum has been tightly range-bound for the past nine weeks and needs to see momentum above $2,800 for any serious moves higher to materialize.<\/p>\n Analysts and holders remain quietly confident<\/a>, though some have even called it a stablecoin for lack of movement over the past couple of months.<\/p>\n The post SharpLink Gaming Boosts Ethereum Treasury But ETH Price Struggles<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" On Tuesday, the largest publicly traded holder of Ethereum announced that it had strategically increased its total holdings to 188,478 ETH. The firm acquired an additional 12,207 ETH for $30.6 million at an average price of $2,513 per ETH, between June 16 and 20, it added. SharpLink\u2019s Ethereum treasury is currently worth around $460 million […]<\/p>\n","protected":false},"author":0,"featured_media":75931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75930"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75930"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75931"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Almost $300K in Staking Rewards in 3 Weeks<\/h2>\n
ETH Prices Stagnant<\/h2>\n