SharpLink Gaming Buys 19,271 ETH, Earns 5,671 More From Staking

SharpLink Gaming, a U.S.-based Ether treasury company, has hit the market with another strategic shopping of the world’s second-largest cryptocurrency. As revealed via X, it added 19,271 ETH to its reserve over the past week, displaying confidence in the asset despite the market downtrend.

NEW: SharpLink acquired 19,271 ETH at an average price of $3,892, bringing total holdings to 859,853 ETH valued at $3.5B as of October 19, 2025.

Key highlights for the week ending October 19, 2025:

– Raised $76.5M at a 12% premium to market
– Added 19,271 ETH at $3,892 avg.… pic.twitter.com/Y4Ewu4EiuF

— SharpLink (SBET) (@SharpLinkGaming) October 21, 2025

Over $75M ETH Reserve Boost

Notably, the entire crypto market has been on a downtrend since October 10, when U.S. President Donald Trump declared 100% tariffs on China. During this period, Ether’s price has fluctuated, trading between $3,400 and $4,250. Many investors have stayed away from the market, while some sold off their positions to secure profits. In contrast, SharpLink saw the dip as an opportunity to fill its bag with more and more ETH.

Consequently, the gaming company closed its last shopping at approximately $3,892 per ether, spending only $75 million to acquire over 19,000 units of Ethereum’s native crypto. Moreover, the purchase was a significant boost to SharpLink’s reserve as it now holds 859,853 ETH worth around $3.5 billion at the time of writing. 

In addition to acquiring ETH from the open market, SharpLink has also taken a step ahead of many crypto reserve companies. Since June 2025, it has staked some of its holdings to earn passive rewards, thus boosting its reserve with minimal effort. Notably, it has gained about 5,671 ETH, which is over $22.5 million, from this strategic investment approach. 

BitMine Remains on Top

While SharpLink continues to boost its step, other corporate ETH investors are also not asleep. For instance, BitMine, which ranks as the world’s largest institutional Ether holder, has spent almost $2 billion on ETH acquisition since October 10. In fact, on-chain data suggests that it acquired an additional 63,539 for $ 253 million on Monday. The firm holds over 2.7% of the total ETH supply.

Amid the booming corporate acquisitions, Ether has broken past the $4,000 mark on Tuesday as it strives to regain bullish momentum. Moreover, recent analysis points to a further uptrend for the crypto in the coming weeks.