SharpLink Gaming buys 29,196 ETH worth $46.7 million

The latest purchase brings its three-day Ethereum accumulation to 39,196 ETH valued at $62.43 million after it resumed buying on June 26 following the Ethlabs launch.

ETH

Summary

SharpLink Gaming bought another 29,196 ETH worth about $46.7 million, taking its purchases over the past three days to 39,196 ETH valued at roughly $62.43 million. Onchain Lens said the company restarted ETH buying on June 26, following the June 23 launch of nonprofit Ethlabs with Bitmine and Ethereum co-founder Joseph Lubin. The activity underscores continued corporate interest in holding ETH as a treasury-style asset, with blockchain monitoring offering a near real-time view of wallet accumulation.

Terms & Concepts
  • ETH: Ethereum's native token
  • Onchain Lens: A blockchain monitoring service that tracks wallet activity and transactions
  • Treasury-style asset: An asset a company holds as part of its reserves or balance-sheet strategy