SharpLink Gaming Acquires $74M in Ethereum, Impacting Market Liquidity and Sentiment

SharpLink Gaming has made a significant strategic move by purchasing $74 million worth of Ethereum (ETH) on October 17, 2025. This investment follows a successful capital raise, raising $76.5 million in gross proceeds that allowed the firm to acquire ETH at lower prices than initially anticipated. This purchase could significantly impact Ethereum’s market liquidity and influence related DeFi and Layer 1 assets.