Sharplink – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 11 Sep 2025 20:37:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Sharplink – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 SharpLink Transfers 379M USDC To Galaxy Digital: Ethereum Buy Incoming? https://earlybirdsinvest.com/sharplink-transfers-379m-usdc-to-galaxy-digital-ethereum-buy-incoming/ https://earlybirdsinvest.com/sharplink-transfers-379m-usdc-to-galaxy-digital-ethereum-buy-incoming/#respond Thu, 11 Sep 2025 20:37:14 +0000 https://earlybirdsinvest.com/sharplink-transfers-379m-usdc-to-galaxy-digital-ethereum-buy-incoming/

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Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Transfers to Galaxy Digital | Source: Lookonchain
SharpLink Transfers to Galaxy Digital | Source: Lookonchain

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

SharpLink Weekly Ethereum and Capital Summary | Source: SharpLink
SharpLink Weekly Ethereum and Capital Summary | Source: SharpLink

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

ETH testing local supply | Source: ETHUSDT chart on TradingView
ETH testing local supply | Source: ETHUSDT chart on TradingView

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

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]]> https://earlybirdsinvest.com/sharplink-transfers-379m-usdc-to-galaxy-digital-ethereum-buy-incoming/feed/ 0 57953 Ethereum Foundation to unload another 10k ETH following Sharplink trading https://earlybirdsinvest.com/ethereum-foundation-to-unload-another-10k-eth-following-sharplink-trading/ https://earlybirdsinvest.com/ethereum-foundation-to-unload-another-10k-eth-following-sharplink-trading/#respond Wed, 03 Sep 2025 01:46:14 +0000 https://earlybirdsinvest.com/ethereum-foundation-to-unload-another-10k-eth-following-sharplink-trading/

Ethereum Foundation (EF) In a post on Tuesday in X, I shared that I plan to sell 10,000 ETH via intensive exchange over the coming weeks to support work towards research and development, ecosystem grants and related donations.

ETH will cost around $43 million on Tuesday, according to Coinmarketcap.

“Conversions are made in multiple small orders rather than as a single large transaction,” EF wrote in X’s post.

The news follows the development of new financial policy EFs shared in early June. (opex) At 15%, establish a multi-year reserve buffer and set a gradual pace towards even more lean spending in the long run.

The foundation sold another 10,000 ETH to Sharplink games in July, becoming the first public company to purchase ETH from a major company in the network’s ecosystem.

Tuesday’s announcement comes as ETH prices skyrocketed, reaching an all-time high of $4,866 in late August.

ETH had traded about $4,330 as of Tuesday afternoon, an increase of about 2% over the past 24 hours.

Read more: Ethereum Foundation announces new financial policies at 15% Opex Cap

]]> https://earlybirdsinvest.com/ethereum-foundation-to-unload-another-10k-eth-following-sharplink-trading/feed/ 0 56477 Joe Lubin's SharpLink Boosts ETH Holdings to Nearly 800K, Raised $361M in Fresh Capital https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/ https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/#respond Tue, 26 Aug 2025 15:01:33 +0000 https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/

SharpLink Gaming (SBET), the Nasdaq-listed digital asset treasury firm led by Ethereum co-founder Joe Lubin, added 56,533 ether (ETH) to its balance sheet last week, lifting its total holdings to almost 800,000 ETH worth about $3.6 billion.

The purchases, made between Aug. 18 and Aug. 24, averaged $4,462 per ETH, according to a Tuesday press release. SharpLink also reported staking rewards had risen to 1,799 ETH since the firm launched its treasury strategy in June.

The Minneapolis-based company also disclosed in the update that it raised $360.9 million in net proceeds last week through its at-the-market (ATM) share issuance program. There’s about $200 million in cash still available for further ETH acquisitions, the firm said.

SBET rose 1.1% in the early minutes of the session.

Ether treasury firms are on a buying spree, scooping up 2.6% of the asset’s supply over the past few months, according to a Standard Chartered report, and pushing ETH’s price to a fresh record. BitMine Immersion Technologies (BMNR), led by Fundstrat’s Tom Lee, is leading the pack by accumulating nearly 1.7 million ETH, followed by SharpLink’s 800,000 tokens.

Along with the recent pullback in crypto prices, digital asset treasury stocks also declined. Last week, SharpLink approved a $1.5 billion stock buyback program in case the stock falls to or below the underlying net asset value.

Geoff Kendrick, head of research at global bank Standard Chartered, said that ether and ETH-focused treasury firms are undervalued following the sell-off, reiterating a $7,500 year-end price target for ETH.

Read more: Ether and ETH Treasury Companies Look Undervalued After Plunge: Standard Chartered

]]> https://earlybirdsinvest.com/joe-lubins-sharplink-boosts-eth-holdings-to-nearly-800k-raised-361m-in-fresh-capital/feed/ 0 55220 SharpLink stock soars 15% after $1.5B buyback plan amid Ethereum market rally https://earlybirdsinvest.com/sharplink-stock-soars-15-after-1-5b-buyback-plan-amid-ethereum-market-rally/ https://earlybirdsinvest.com/sharplink-stock-soars-15-after-1-5b-buyback-plan-amid-ethereum-market-rally/#respond Sat, 23 Aug 2025 13:27:28 +0000 https://earlybirdsinvest.com/sharplink-stock-soars-15-after-1-5b-buyback-plan-amid-ethereum-market-rally/

Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program.

In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals.

The company emphasized that the scale of repurchases will depend on factors such as trading conditions, liquidity, and market price.

Meanwhile, the firm stressed that the initiative does not commit it to a fixed number of shares, and the board reserves the right to pause or end the program if circumstances change.

Why does SharpLink want a stock buyback program

SharpLink Co-CEO Joseph Chalom said the move is designed to prevent dilution and strengthen the firm’s Ethereum-per-share value.

According to him, issuing additional equity would weaken ETH concentration if the company trades at or below its ETH holdings’ net asset value (NAV). In that scenario, buying back shares is considered the more beneficial path.

He added that every repurchase would lift the amount of ETH backing each share, compounding long-term benefits for investors.

Overall, the firm described its broader mission as accumulating and staking ETH with transparency and institutional discipline. So, by pairing buybacks with its Ethereum treasury strategy, SharpLink said it aims to reinforce shareholder confidence while maintaining its focus on ETH growth per share.

Ethereum rally impacts SharpLink shares

While the buyback plan is significant, SharpLink’s recent surge was largely supported by ETH’s price rally after the US Federal Reserve Chair Jerome Powell’s dovish comments about the US economy.

Data from CryptoSlate shows ETH has climbed more than 13% in the last 24 hours, reaching $4,876 as of press time.

This rally was part of a broader market uptrend, which saw Bitcoin and other top digital assets record significant gains, pushing the total crypto market above $4 trillion earlier today.

According to Strategic ETH Reserve data, SharpLink is the second-largest corporate holder of Ethereum. The Joseph Lubin-led firm holds 740,800 ETH, worth $3.59 billion.

SharpLink's Ethereum Holdings
SharpLink’s Ethereum Holdings (Source: Strategic ETH Reserve)

The firm is sitting on an unrealized profit of more than $1 billion and earned more than 1300 ETH from staking its entire holdings.

Ethereum Market Data

At the time of press 1:28 pm UTC on Aug. 23, 2025, Ethereum is ranked #2 by market cap and the price is up 11.64% over the past 24 hours. Ethereum has a market capitalization of $569.63 billion with a 24-hour trading volume of $79.34 billion. Learn more about Ethereum ›

Crypto Market Summary

At the time of press 1:28 pm UTC on Aug. 23, 2025, the total crypto market is valued at at $3.99 trillion with a 24-hour volume of $257.15 billion. Bitcoin dominance is currently at 57.58%. Learn more about the crypto market ›

Mentioned in this article
Latest Alpha Market Report
]]> https://earlybirdsinvest.com/sharplink-stock-soars-15-after-1-5b-buyback-plan-amid-ethereum-market-rally/feed/ 0 54719 Sharplink Bets Bigs at Ethereum: Raising $200 million to deepen ETH exposure https://earlybirdsinvest.com/sharplink-bets-bigs-at-ethereum-raising-200-million-to-deepen-eth-exposure/ https://earlybirdsinvest.com/sharplink-bets-bigs-at-ethereum-raising-200-million-to-deepen-eth-exposure/#respond Fri, 08 Aug 2025 20:52:53 +0000 https://earlybirdsinvest.com/sharplink-bets-bigs-at-ethereum-raising-200-million-to-deepen-eth-exposure/ Sharplink Gaming has announced a $200 million capital raise aimed at expanding the Ethereum Treasury Department. As ETH solidifies its role as a yield asset through programmable money and staking, Sharplink has placed a big bet on its long-term potential. The Rays positions the company within a rising class of companies restructuring capital strategies around blockchain-native assets.

Why Sharplink is all-in on Ethereum

In X’s post, Sharplink Gaming shared an update that it secured a capital rise of $200 million through a direct offer of $19.50 per share, backed by four global institutional investors.

The company says the capital will be deployed strategically to expand the holdings of the ETH Ministry of Finance. Once fully deployed, Sharplink expects ETH reserves to exceed $2 billion, and is located in the Treasury Department, the most ethnic corporations in the world.

The company focuses on accumulating ETH, staking ETH to acquire sustainable on-chain yields and consistently growing stocks for long-term shareholders. Ethereum is becoming the foundational layer of the global finance infrastructure of tokenized assets, and Sharplink is being built to capture its upside down.

According to a post by Durty_Crypto, Vitalik Buterin recently pointed out that ETH’s Treasury Department is increasingly valuable, not just as an ETH store, but also as another way to make people accessible to ETH. Instead of simply purchasing and holding ETH, investors are turning to companies that own and manage ETH Ministry of Finance.

Durty_crypto outlined the invisible irony among the unbanked crew who quickly celebrated mainstream verification. Pulsechain’s sacrifice wallet has become the fifth largest ETH holder in the Crypto, with 171,054 ETH. Before the funds were turned to ETH, the wallet was already attracting attention as the largest DAI owner in all chains. Therefore, experts praised Richard Heart, the controversial figure behind Pulsechain, for performing a strategic pivot that he barely saw.

Ethereum activity gets hot as transaction volume approaches ATH

While notable figures raise capital and increase the value of the ETH Treasury, the coin also revealed that the momentum of the chain over Ethereum is surged once again. According to Etherscan data, the network processed 1.87 million transactions on August 6, bringing it to a record high of 1.96 million held in January 2024.

Validator Queue Data, on the other hand, shows that the ETH POS Exit queue has dropped significantly to 443,164 ETH, worth around $1.62 billion. After the decrease, the average exit wait time will be 7 days and 17 hours.

As reported by Coinw, Ethereum’s performance could experience significant growth once UK regulators officially lift the ban on Crypto Exchange Supervision Notes (CETN) for retail investors. The move illustrates a major policy change to adopt the digital asset market. Additionally, individuals may engage in financial instruments that take these risks at their discretion.

Ethereum

]]> https://earlybirdsinvest.com/sharplink-bets-bigs-at-ethereum-raising-200-million-to-deepen-eth-exposure/feed/ 0 52217 SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury https://earlybirdsinvest.com/sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury/ https://earlybirdsinvest.com/sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury/#respond Wed, 06 Aug 2025 07:49:49 +0000 https://earlybirdsinvest.com/sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury/

The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value.

Joe Lubin’s Ether treasury firm acquired 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3.

SharpLink stated that its ETH-per-share is now 3.66, up from 3.40 last week, and has increased 83% since it began the strategy on June 2.

Additionally, its entire stash is staked and has earned 929 ETH worth more than $3.3 million in cumulative staking rewards so far.

Ether Treasuries Growing

SharpLink has targeted 1 million ETH for its first treasury milestone and is already over halfway there.

Lubin described ten years of uptime for Ethereum as a “mainstream moment,” adding that it is about to “break through into mainstream culture,” due to global regulations and financial institutions “getting very serious” about building on the technology.

“Stablecoins and Ether treasury companies are bringing Wall Street, or TradFi, onto DeFi so soon it’ll just be called ‘finance’.”

Despite its aggressive accumulation of Ether, SharpLink is not the largest ETH treasury company, as that accolade goes to Bitmain Immersion Technologies. The Tom Lee-chaired firm holds 833,100 ETH worth almost $3 billion, according to EthStrategicReserve.

Speaking on the Natalie Brunell podcast on Tuesday, Lee said there was no conflict between Bitcoin treasuries and Ethereum treasuries because they were both scarce (comparing them to Tesla and Palantir stocks).

The first “killer app” for crypto has emerged and is seeing widespread adoption, and that is stablecoins, he said. Wall Street is running to tokenize its entire system on the blockchain, and it requires smart contracts, he said before adding:

“The biggest and most secure blockchain with no downtime is Ethereum, and it’s legally compliant.”

The top three Ethereum treasury firms now hold 1.7 billion ETH, which equates to around 1.4% of the total supply.

ETH Price Outlook

ETH prices have taken a 2% hit on the day as crypto markets continue to cool off after July’s massive rally.

The asset had dipped to $3,575 during the Wednesday morning Asian trading session but remained within its three-week range-bound trading channel. However, a fall below $3,400 could see this momentum lost and a larger correction ensue.

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]]> https://earlybirdsinvest.com/sharplink-nears-2b-in-ether-holdings-targets-1m-eth-treasury/feed/ 0 51753 SharpLink Gaming Ups Stock Sale to $6 Billion to Fuel ETH Buying Spree https://earlybirdsinvest.com/sharplink-gaming-ups-stock-sale-to-6-billion-to-fuel-eth-buying-spree/ https://earlybirdsinvest.com/sharplink-gaming-ups-stock-sale-to-6-billion-to-fuel-eth-buying-spree/#respond Sat, 19 Jul 2025 08:14:06 +0000 https://earlybirdsinvest.com/sharplink-gaming-ups-stock-sale-to-6-billion-to-fuel-eth-buying-spree/

SharpLink Gaming, a company supported by Ethereum co-founder Joseph Lubin, has taken a step toward building one of the largest Ethereum
ETH


$3,568.80

treasuries.

The company filed an update with US regulators that increases the amount of company stock it can sell from $1 billion to $6 billion.

According to the updated filing, the majority of the funds raised will be used to purchase ETH. The rest will help cover business expenses, such as operations, working capital, and affiliate marketing.

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The company repeated in the filing that buying ETH is its main goal for this offering.

SharpLink Gaming has bought $515 million worth of ETH. A single purchase on July 17 totaled 32,892 ETH, valued at around $115 million. Data from Lookonchain shows these recent buys have pushed SharpLink’s total holdings to more than 280,000 ETH.

Almost all of that ETH, around 99.7%, is staked, which means the company is locking up its holdings to help secure the Ethereum network in exchange for rewards.

At the time of writing, SharpLink Gaming holds more ETH than the Ethereum Foundation. Galaxy Research called it a positive sign for Ethereum, especially with such a large player publicly committed to the asset.

Recently, BTC Digital, a blockchain and mining company traded on Nasdaq as BTCT, decided to shift its focus entirely to Ethereum. What led to the decision? Read the full story.

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]]> https://earlybirdsinvest.com/sharplink-gaming-ups-stock-sale-to-6-billion-to-fuel-eth-buying-spree/feed/ 0 48484 BitMine and SharpLink amass $1B stash amid Ethereum’s rising appeal as ‘digital oil’ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/#respond Fri, 18 Jul 2025 05:41:19 +0000 https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/

Ethereum-focused firms BitMine and SharpLink Gaming have each surpassed $1 billion in ETH holdings.

BitMine disclosed on July 17 that it now holds 300,657 ETH, valued at approximately $1.04 billion. The firm acquired its holdings at an average price of $3,461.89 per token.

Conversely, SharpLink Gaming has also expanded its Ethereum position, purchasing an additional $68.4 million worth of ETH.

Blockchain analysis platform Arkham Intelligence pointed out that this latest purchase, combined with ETH’s price appreciation, brings SharpLink’s total holdings to an estimated $1.10 billion, not including any staking rewards.

Meanwhile, separate data from the Strategic ETH Reserve places SharpLink’s wallet at 280,600 ETH, worth about $962.8 million at the time of the report.

Strategic Ethereum Reserve
Strategic Ethereum Reserve (Source: Strategic ETH Reserve)

According to Oblong Research, this wave of institutional purchases reflects a broader realization that Ethereum is not just a speculative asset but a foundational layer for the growing on-chain economy.

With roughly $237 billion in value secured on its network, ETH is increasingly viewed as “digital oil,”  a productive base asset that powers a wide range of decentralized applications.

Ethereum Capital Secured
Total Capital Secured on Ethereum (Source: Oblong Research)
]]> https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/feed/ 0 48271 Sharplink overtakes Ethereum Foundation to become largest ETH holder https://earlybirdsinvest.com/sharplink-overtakes-ethereum-foundation-to-become-largest-eth-holder/ https://earlybirdsinvest.com/sharplink-overtakes-ethereum-foundation-to-become-largest-eth-holder/#respond Wed, 16 Jul 2025 05:45:12 +0000 https://earlybirdsinvest.com/sharplink-overtakes-ethereum-foundation-to-become-largest-eth-holder/

SharpLink Gaming has officially become the largest corporate holder of Ethereum, surpassing even the Ethereum Foundation.

On July 15, the company revealed it owns 280,706 ETH, valued at $867 million. The company’s impressive ETH holdings grew significantly between July 7 and July 13. During this period, SharpLink purchased 74,656 ETH for $213 million, with an average price of $2,852 per coin.

The firm also announced that 99.7% of its ETH holdings are staked, generating an additional 415 ETH since June 2. Since June 13, the company’s ETH concentration has increased by about 23%.

Joseph Lubin, Chairman of SharpLink, emphasized that these holdings represent the dawn of “collective capitalism,” where businesses build for the community, not just for profit. He stressed that Ethereum’s decentralized, permissionless nature is essential for fostering free markets.

He added:

Collective capitalism is built on the foundations of radically free markets only possible on a permissionless, uncensorable, rigorously decentralized Layer 1 blockchain.”

Following the news, the firm’s stock rose by 20% to $28, according to Google Finance data.

Ethereum treasury strategy gains traction

SharpLink’s announcement aligns with a broader trend of companies beginning to adopt the Ethereum Treasury Strategy.

Over the past 30 days, approximately 10 firms, including SharpLink, have purchased more than 550,000 ETH, totaling $1.65 billion in acquisitions.

Some of these entities were previously Bitcoin miners like Bitmine Immersion Technologies, which recently shifted its focus to the second-largest digital asset.

Kyle Reidhead, co-owner of Milk Road, predicted that this trend is expected to continue, with firms possibly purchasing up to $2 billion worth of ETH in the coming month and $3 billion the following month.

He also noted that the growth of stablecoins and favorable regulations could further fuel Ethereum’s demand.

He stated:

“In the last 30 days, these treasury companies have bought .5% of the entire ETH supply and moved it into Ethereum DeFi smart contracts (via staking or lending). Remember, unlike the ETFs, these companies don’t sell. They only buy (at least for now). This is going to create a supply shock for ETH over the coming months, there’s really no way around it.”

As of press time, about 1,520,715 ETH (worth over $4.5 billion) is locked in various Ethereum reserves belonging to 52 companies. Strategic ETH Reserve data shows that these holdings amount to 1.31% of the digital asset’s total supply.

Mentioned in this article
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