
Sharplink Gaming, a company listed in Nasdaq, is in the spotlight as one of the first public companies to build a cash strategy centered on Ethereum (ETH). On July 29, 2025, Sharplink revealed that his Ethereum assets reached an impressive 438 190 ETH. In addition, the company has raised $ 279.2 million in net product through an offer at the market level (ATM) during the week of July 21 to 25, strengthening its aggressive accumulation strategy.
Sharplink’s decision is considered by many analysts as a potential turning point for the institutional adoption of Ethereum. While Bitcoin has long dominated corporate cash strategies, Sharplink’s pivot towards Ethereum signals a new story: the use of ETH as a strategic reserve. This approach is closely monitored by investors and public companies exploring the integration of blockchain and decentralized financial infrastructure (DEFI).
Market commentators believe that the Sharplink initiative could create a precedent for more companies to adopt Ethereum as an essential part of their cash strategies, aligning the broader change towards tokenized financial systems. While the role of Ethereum in tokenization and the real world regulations (RWA) and the chain regulations develop, the accumulation of Sharplink could mark the start of a new institutional wave positioning ETH as an asset of the Treasury for the future.
The Sharplink game deepens Ethereum Bet
According to Arkham, an American company specializing in blockchain analysis, an account associated with Sharplink has just deployed an additional $ 100 million to buy Ethereum (ETH). The portfolio address, 0xCD9E09B30D481CC33937CE3FEB3D94D434F5F5F75, has now accumulated about $ 800 million in ETH in the name of the Sharplink game, making titles for its aggressive Treasury Treasury strategy. In addition, Arkham reports that this account has just sent $ 108.6 million in USDC to the OTC office in Galaxy Digital, indicating other purchases of imminent ETH.

This continuous wave of purchase has raised important questions among analysts and investors: how long can SharpLink continue to buy ETH? And what does that point out for other public companies?
Sharplink’s actions feed speculation on a new trend – Ethereum as a strategic cash reserve. While Bitcoin has historically dominated corporate crypto titles, Sharplink seems to be a pioneer of a change to ETH, probably because of its usefulness in decentralized finance (DEFI), to the tokenization of active world (RWA) and an intelligent contract infrastructure.
As the role of Ethereum in institutional finance increases, the accumulation of Sharplink could act as a plan for other companies, showing how public enterprises could integrate ETH into long -term capital strategies. Wider involvement? Ethereum could soon occupy the front of the scene alongside Bitcoin in business treasures, reshaping the landscape of institutional cryptography.
Details of ETH price action: Define the low fresh
Ethereum (ETH) is currently negotiated at $ 3,406, continuing its movement down after failing to exceed the resistance zone of $ 3,860. The graph reveals a clear ventilation compared to the previous consolidation beach, with ETH losing momentum after weeks of Haussier price action. The price has now fallen below 50 days ($ 3,730) and 100 days ($ 3,691) of single mobile averages (SMA), signaling a growing short -term pressure pressure.

The volume has increased during the recent decrease, indicating the active sale, but the current price is located near a key support region. The following significant level to monitor is the SMA of 200 days at $ 3,222, which could act as a line of critical defense for the bulls. If Ethereum does not hold this area, a retest of $ 2,852 is likely, which marks the previous break in early July.
Despite the current lowered feeling, many analysts consider this correction as a healthy withdrawal in a wider rise trend, in particular with strong tendencies of accumulation on the chain. Recovery of the range from $ 3,600 to $ 3,700 is necessary to find a bullish structure. For the moment, Ethereum remains in a vulnerable position, and the coming sessions will be crucial to determine if the bulls can defend key support and try another break.
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