SharpLink Gaming Invests $258 Million in Ether
Date: 2025-07-23 Author: Gabriel Deangelo Categories: BUSINESS
SharpLink Gaming, a company previously involved in marketing in the gaming industry, is now betting on the strategy of accumulating the Ether cryptocurrency. In mid-July, the company announced plans to place new shares in order to raise $6 billion to buy Ether. Potential investors include such large funds as Pantera Capital, Galaxy Digital, and Electric Capital.
This spring, SharpLink Gaming officially changed its focus - now the company is focused on accumulating crypto reserves, while receiving an additional 567 ETH due to income from staking. This approach is reminiscent of the investment model practiced by Michael Saylor's Strategy company, but SharpLink Gaming chose Ether instead of Bitcoin for accumulation.
According to analysts at the trading platform The Kobeissi Letter, the price of Ether may rise to $4,000 in the near future. This is due to the expected forced closure of short positions in the market and the growing interest of investors in altcoins.
Thus, SharpLink Gaming is among the companies that are actively increasing their cryptocurrency reserves, betting on the prospects of Ether as a key asset. This move confirms the growing popularity of Ether among major players and may have an impact on the altcoin market as a whole.
