Sharplink Gaming Adds $80M in Ethereum to Strategic Reserve After Month-Long Lull

Sharplink Gaming added 19,271 Ether worth about $80.37m to its strategic reserve on Monday, ending a month of quiet accumulation and signaling renewed conviction in the ￰0￱ purchase lifts the company’s holdings to 859,400 Ether valued at roughly $3.6b, placing it second among disclosed corporate treasuries behind BitMine, which holds about 3.24m Ether worth $13.5b. ACY Securities said that the fresh buy fits Sharplink’s prior accumulation pattern and looks like positioning ahead of potential Ether ETF inflows or easier macro ￰1￱ firm added that if the timing aligns with liquidity cycles, the move could amount to smart front ￰2￱ Faces Headwinds From Trump Tariff Threats as Markets Turn Cautious The build comes as Ether faces pressure from macro ￰3￱ have been weighing President Donald Trump’s plan to impose tariffs of up to 155% on Chinese goods starting Nov. 1, a risk that has fed risk aversion across ￰4￱ was last up 7.1% on the day, but is up only 1.1% in the previous two ￰5￱ Gaming ( @SharpLinkGaming ) has added another 19,271 $ETH , worth $80.37M, to its Strategic $ETH ￰6￱ now hold 859,395 $ETH , worth $3.58B.

Address: 0x5e3b62e38808fc9582c23bc05e8a19a091d979c9 Data @nansen_ai ￰7￱ — Onchain Lens (@OnchainLens) October 26, 2025 Even so, some funds are using weakness to add ￰8￱ has been one of the recent buyers, with BitMine also active, as investors prepare for a steadier backdrop later in the ￰9￱ Weakness Looms as Ether Enters Historically Soft Fourth Quarter Seasonal trends remain a ￰10￱ data shows the fourth quarter has historically been Ether’s second weakest period on average, a pattern traders say could still influence positioning. Sharplink’s balance sheet moves follow a capital raise earlier this ￰11￱ company secured $76.5m through a registered direct equity offering priced at $17 per share, a 12% premium to its Oct. 15 close of $15.15.

The deal, placed with an institutional investor for 4.5m common shares, was one of the few recent equity raises in the digital asset treasury space completed at both market and net asset value ￰12￱ Secures $400M in Deals to Strengthen Growth and Treasury Plans In August, Sharplink entered securities purchase agreements totaling $400m with five institutional investors, bolstering its capacity to pursue treasury and growth ￰13￱ together, the fresh Ether allocation, recent equity financing, and earlier commitments suggest Sharplink is leaning into a strategy that blends treasury diversification with tactical market ￰14￱ will now watch whether ETF inflows or a calmer macro backdrop validate the bet.