TLDR
- Sharplink’s Ether holdings rise to 859,400 ETH valued at $3.6B.
- The company purchased 19,271 ETH worth about $80.37M.
- Sharplink ranks second in corporate Ether holdings after BitMine.
- The firm raised $76.5M earlier this month through an equity offering.
Sharplink Gaming reignited market attention after adding $80 million worth of Ethereum to its strategic reserve, ending a month of quiet activity. The purchase marks the company’s renewed commitment to digital assets at a time when traders are assessing Ether’s performance in one of its historically weaker quarters.
Sharplink Expands Ethereum Holdings After Pause
Sharplink Gaming purchased 19,271 Ether valued at about $80.37 million, increasing its total reserves to 859,400 Ether worth roughly $3.6 billion. The move places the company as the second-largest disclosed corporate holder of Ether, behind BitMine, which owns about 3.24 million Ether valued at $13.5 billion.
ACY Securities noted that Sharplink’s latest purchase fits its earlier accumulation pattern and could reflect preparation for potential Ethereum ETF inflows or improving macroeconomic conditions. The firm said that if market liquidity expands later this quarter, the timing could prove beneficial.
Ether Faces Pressure From Tariff and Market Concerns
The company’s renewed buying activity came as Ether faced selling pressure from broader market concerns. Investors are watching President Donald Trump’s plan to impose tariffs of up to 155% on Chinese goods starting November 1. The policy has increased caution in both equities and digital assets.
Ether gained 7.1% on Monday but remained nearly flat over the past two weeks. Despite the uncertainty, some institutional investors have used the weakness as a buying opportunity. Both Sharplink and BitMine have been among the active participants, signaling continued interest in building long-term exposure.
Historical Trends Show Seasonal Weakness in Fourth Quarter
Traders are also tracking Ether’s seasonal performance. Data from CoinGlass shows that the fourth quarter has historically been one of Ether’s weakest periods on average. Market analysts say this pattern may still influence trading behavior as investors balance short-term caution with long-term accumulation strategies.
Sharplink’s move comes after it raised $76.5 million earlier this month through a registered direct equity offering. The deal, priced at $17 per share, represented a 12% premium to its October 15 closing price of $15.15. The placement with an institutional investor involved 4.5 million shares, marking one of the few recent capital raises completed at a premium in the crypto treasury sector.
Strengthening Financial Position With Fresh Capital
In August, Sharplink secured $400 million through securities purchase agreements with five institutional investors. The additional funding expanded its flexibility to pursue both growth and treasury diversification plans.
Market analysts say the combination of equity financing and new Ethereum purchases points to a balanced approach between capital growth and asset allocation. Sharplink’s strategy appears to blend tactical timing with long-term exposure to digital assets, even as market volatility remains high.
As investors monitor the next phase of Ethereum ETF developments and macroeconomic signals, Sharplink’s latest accumulation could serve as a test case for corporate treasury strategies. The coming weeks may show whether improved liquidity conditions or easing trade tensions support its latest move.
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