SharpLink Gaming purchased the entire monthly supply of Ethereum! $295 million added to 77,210 ETH, Holdings exceeded 438,000 coins.

SharpLink Gaming, a U.S. listed company, is known as the "Ethereum version of the micro-strategy", and recently made another move, spending $295 million to buy 77,210 ether, with a total position of more than $1.69 billion, holding the second largest Ethereum reserve company. (Synopsis: SharpLink Gaming added 4,904 Ethereum "floating profit of $260 million", and SBET soared nearly 3 times this month) (Background supplement: The female stock god gets on Ethereum!) Ark invests $182 million in BitMine; SharpLink Gaming buys another 80,000 ETH) On-chain data shows that SharpLink Gaming (stock code: SBET), a US listed company known as the "Ethereum version of micro-strategy", has once again increased its position in ETH! According to the latest data from Lookonchain, SharpLink bought 77,210 ETH for $295 million today (28), climbing its total position to 438,000 ETH worth more than $1.69 billion. This holdings make SharpLink the second largest Ethereum strategic reserve company after Bitmine. SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M) and currently holds 438,017 $ ETH($1.69B). pic.twitter.com/Oa4dQ9XFGF — Lookonchain (@lookonchain) July 28, 2025 Ethereum is in short supply It is worth mentioning that according to Ultra Sound Money data, SharpLink purchased 77,210 Ethereum this time, This has exceeded the net issuance of the Ethereum network in the last 30 days (72,795 ETH). At the same time, the company currently uses most of its newly acquired ETH for staking to earn stable staking rewards. SharpLink humorously stated in its Sunday X post: "Banks are closed on weekends, but Ethereum runs around the clock!" SharpLink raises $6 billion In addition, SharpLink previously filed a revised prospectus with regulators, planning to significantly increase stock sales from $1 billion to $6 billion, and use the proceeds to buy more Ethereum in an attempt to further expand its holdings. At the same time, SharpLink has also made frequent moves in talent introduction. Just last Friday, the company announced the hiring of Joseph Chalom as its new co-CEO. It is understood that Chalom has worked for BlackRock, the world's largest asset management company, for 20 years and has extensive experience in digital assets and global strategy. At SharpLink, he will be responsible for developing and executing the company's global strategy to further drive its Ethereum investment footprint. ETH becomes an enterprise-grade asset Recently, bullish sentiment towards Ethereum has continued to heat up as institutional demand continues to increase. Many investors and analysts believe that Ethereum's long-term value potential comes from its leading position as a decentralized application (DApp) and smart contract platform. At the same time, ETH also has a staking income of about 3% to 5% per year, which is not common in traditional assets. Galaxy Digital research highlights that ETH can act as both a store of value and a productive asset. More and more listed companies will incorporate "ETH value per share" into their valuation models, or even directly use ETH to participate in DeFi strategies such as lending and liquidity pooling. SBET's premarket gain of 5% may be buoyed by the news, which is up 5.6% before the US market opens, trading tentatively at $23.23. Related reports TOM LEE, WALL STREET INTERNET CELEBRITY TO ETHEREUM MICRO-STRATEGY HEAD HIGH RECONSTRUCTION ARTICLE|TEN YEARS TO ETHER A HUNDRED YEARS TO PEOPLE: THE TENTH ANNIVERSARY OF THE CREATION OF ETHEREUM, THE GODDESS OF FEMALE STOCKS ON THE CAR ETHEREUM! Ark invests $182 million in BitMine; SharpLink Gaming buys another 80,000 ETH (SharpLink Gaming buys out the full monthly supply of Ethereum!) $295 million plus 77,210ETH, holding more than 438,000 This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".