SharpLink Gaming continues to buy 4.951 ETH despite being out-of-the-money by more than 22 million USD.

TapChiBitcoin

2025-06-30 18:03:02

ETH9,62%

B23,36%

H-3,67%

On July 1st, according to on-chain data from Ember, SharpLink Gaming – a company operating in the gaming and sports betting sector – continued to accumulate an additional 4,951 ETH in just 5 hours, worth approximately 12.4 million USD.

The total amount of ETH that the company currently holds is 202,800 ETH, with an average purchase price of 2,606 USD/ETH. However, the current price is lower than the purchase price, causing their investment to suffer a temporary loss of approximately 22.92 million USD.

The move to buy more amid falling prices shows that SharpLink Gaming remains steadfast in its belief in the long-term potential of Ethereum.

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