SharpLink Sends $145M to Galaxy for Massive ETH Buy

BlackRock Exec Joseph Chalom Joins SharpLink to Activate $ETH Treasury

SharpLink Transfers $145M USDC to Wallet

SharpLink has transferred 145 million USDC to a Galaxy Digital wallet. Since SharpLink previously acquired most of its ETH through this, and fund is likely intended for further ETH purchases.

Source: lookonchain data

Galaxy Digital Preps for Major ETH Buys via Exchanges

According to lookonchain data analyst, the SharpLink address has transferred the 145 million USDC received earlier today from the Circle address to the Galaxy Digital wallet.  The gaming company’s previous Ether was mainly purchased through Galaxy Digital, so this should likely be used to continue buying the layer-1 coin. Galaxy Digital's fund has already sent this amount of funds to 3 crypto exchanges: Bybit, OKX, Binance.

SharpLink Appoints BlackRock Exec Joseph Chalom as Co-CEO Amid ETH Push

Source: X

SharpLinkGaming, one of the world's largest corporate holders of Ethereum, is set to make a significant bulk purchase of the token, marking a significant milestone in institution adoption. This wallet transfer coincided with the appointment of Joseph Chalom, the longtime virtual assets lead at BlackRock, now appointed Co-CEO of SharpLinkGaming.

The company is focusing on Ether's secure staking, scalable treasury operations, and asset tokenization as key areas of interest for institutional players. Chairman Joseph Lubin, who also founded Ethereum development studio ConsenSys, said “Few executives in the world have had the kind of impact Joseph has had in unlocking institutional adoption of digital assets.”

SharpLink Reclaims Top Spot as Largest Public Ether Holder

Source: Coingecko

SharpLink has reclaimed its position as the world's largest public Ether holder by purchasing a record-breaking amount of 79,949 ETH in the past week, totaling about $258.9 million. This follows another $49 million buy announced last Monday, bringing Gaming company’s total Ether holdings to 360,000, worth about $1.3 billion at current market prices, according to CoinGecko.

Ethereum Price Rises Amid Institutional Whale Activity

Source: Coinmarketcap

In the last 24hr Ethers price has fluctuated between slightly high and low. Institutional buying and selloff is driving token price volatility. At the time of writing the price of the token is $3,740 USD today with an increase of 3.41% over the previous day. Ethereum's price gain is attributed to increased institutional ETF inflows, whale accumulation, and bullish technical momentum, with a $380M whale purchase tightening supply via linked wallet.