SharpLink Boosts Ethereum Reserves Despite Market Fluctuations

Despite recent market volatility, Minnesota-based SharpLink Gaming has expanded its Ethereum holdings. The company revealed a purchase of 19,271 ETH, bringing its total reserves to over $3.5 billion. This move was prompted by a strategic shift towards blockchain-based asset management, and strengthened by the appointment of Joseph Lubin, co-founder of Ethereum and CEO of Consensys, as Chairman in May 2025. This action aligns with growing institutional confidence in Ethereum’s long-term potential, even while short-term market fluctuations continue to occur.