SharpLink Adds Another $295M Worth of Ethereum for Staking, ETH Up 3%

SharpLink Gaming is deepening its Ethereum holdings by acquiring an additional 77,210 ETH over the weekend for $295 million.

The company currently holds 438,017 ETH, worth $1.69 billion, according to Lookonchain.

SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M) and currently holds 438,017 $ETH($1.69B).https://t.co/143CVq5E6U pic.twitter.com/Oa4dQ9XFGF

Crypt Rover wrote on X that the surge in ETH accumulation points to significant institutional inflows and bold prediction that the token would reach $10,000.

SharpLink plans to deposit the ETH into staking, on-chain analyst EmberCN noted. The company said Sunday that banks close on weekends, while Ethereum runs 24/7, touting the upcoming big ETH buy.

Banks close on weekends. Ethereum runs 24/7. https://t.co/mgCajwrRBT

SharpLink Gaming transferred 145 million USDC to Galaxy Digital two days ago, per on-chain data. On Sunday, Galaxy Digital withdrew 38,600 ETH ($148 million) from Binance and then transferred it to SharpLink Gaming.

“This likely completes the ETH purchase,” wrote EmberCN.

SharpLink scooped a 360,807 ETH valued at approximately $1.33 billion last week, as reported by Cryptonews. The company noted that more than 95% of its accumulation is actively staked or deployed via liquid staking platforms. The purchase has led the company to overtake Bitmine and Coinbase.

@SharpLinkGaming now holds the most ETH among public firms ($1.33B), surpassing Bitmine & Coinbase.#Ethereum #Cryptohttps://t.co/xcyxxYTYoo

SharpLink’s latest ETH purchase underscores a growing trend where traditional gaming and tech companies are diving deeper into crypto treasuries.

As a result, Ethereum continues to show resilience amid broader market volatility. The second-largest crypto is up 3% on Monday, trading at $3,876 during press time. According to CoinMarketCap, the surge reflects bullish technicals, institutional accumulation, and staking dynamics.

Technical analysis shows that ETH holding above $3,523 Fibonacci support with RSI(14) at 81.75 signals momentum.

Additionally, Ethereum’s 10,000 long-term forecast is grounded in institutional backing. Though the target remains speculative, it offers traders a narrative to build positions around.

Analysts forecast that ETH would hit $4,200 and eventually $4,800 in the short term. One user wrote on X that the wave is “broader” this time, as L2s and memecoins are preparing to rise with it.

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