---
title: "Sharplink Buys $259M In ETH As Price Surges Past $3.8K"
url: https://diffcoin.com/sharplink-buys-259m-in-eth-as-price-surges-past-3-8k/
description: "Sports betting platform SharpLink Gaming kept accumulating Ether after briefly slipping to the second-largest public ETH holder behind BitMine Immersion…"
published: 2025-07-22
updated: 2025-07-22
author: "Mila"
site: "Diffcoin"
---

# Sharplink Buys $259M In ETH As Price Surges Past $3.8K

Sports betting platform SharpLink Gaming kept accumulating Ether after briefly slipping to the second-largest public ETH holder behind BitMine Immersion Technologies.

SharpLink acquired a record-breaking amount of Ether (ETH) for the company in the past week ending Sunday, reporting a purchase of 79,949 ETH on Tuesday.

The acquisition was completed at an average ETH purchase price of $3,238, totaling about $258.9 million.

The new purchases followed another $49 million buy announced last Monday, bringing SharpLink’s total Ether holdings to 360,807 ETH, worth about $1.3 billion at current market prices, according to CoinGecko.

## Ether accumulation race heats up

With its latest Ether acquisition, SharpLink reclaimed its position as the world’s largest publicly traded ETH holder.

After announcing a $250 million private placement raise on June 30, BitMine on Thursday reported that its Ether holdings reached 300,657 ETH, with value exceeding $1 billion.

After reporting its 300,657 ETH purchase, BitMine briefly beat SharpLink in total ETH holdings, as the latter reported 280,706 in total Ether holdings last week.

*CoinGecko did not immediately update its list of public companies by Ether holdings following SharpLink’s latest 79,949 ETH purchase. Source: CoinGecko*

SharpLink’s latest purchase was not immediately visible on CoinGecko’s public companies list by Ether holdings by publishing time.

This is a developing story, and further information will be added as it becomes available.

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[Source link](https://cointelegraph.com/news/sharplink-buys-259-million-in-ether-price-surge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)