After weeks of quiet accumulation, Sharplink Gaming added $80.37 million in Ethereum to its strategic reserve, signaling renewed conviction in the asset’s long-term potential.
The purchase raised its total holdings to 859,400 ETH (about $3.6 billion), ranking Sharplink second among publicly disclosed Ether treasuries, behind BitMine, which holds 3.24 million ETH worth $13.5 billion.
According to ACY Securities, the buy mirrors Sharplink’s earlier accumulation pattern and could be strategic positioning ahead of potential Ether ETF inflows or a more favorable macro backdrop.
Ethereum markets, however, face short-term headwinds as investors weigh Donald Trump’s plan to impose tariffs up to 155% on Chinese imports. Despite this, major funds — including Sharplink and BitMine — have been adding exposure, anticipating a steadier fourth quarter.
While seasonal data from CoinGlass shows Q4 is typically Ethereum’s second weakest period, traders view Sharplink’s purchase as a vote of confidence amid broader market uncertainty.
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