According to on-chain data, SharpLink Gaming—dubbed "Ethereum's MicroStrategy"—transferred $108 million in USDC to Galaxy Digital and purchased 14,933 ETH at an average price of $3,550 per token within the past 7 hours, totaling approximately $53 million. Shortly after, the company sent an additional $55.56 million USDC to Galaxy Digital, signaling ongoing accumulation efforts.
Since early June 2025, SharpLink has aggressively acquired 464,000 ETH worth roughly $1.62 billion at an average entry price of $3,029. This strategy has generated $214 million in unrealized profits. Founded by Ethereum co-founder Joseph Lubin, the firm mirrors MicroStrategy's Bitcoin playbook by executing structured purchases through Galaxy Digital, often during off-peak hours.
Notably, SharpLink stakes a significant portion of its ETH holdings, blending capital appreciation with yield generation. Analysts highlight this as a long-term institutional commitment to Ethereum's infrastructure, with Galaxy Digital facilitating most transactions. The firm’s wallet activity shows consistent validator deposits, reinforcing its dual focus on asset growth and passive income.