Address Reportedly Linked to SharpLink Buys $105M in Ethereum

SharpLink Gaming’s Ethereum accumulation pace now appears to be nearing, and may soon surpass, the Bitcoin accumulation pace once led by Strategy (formerly MicroStrategy).

As per an X post from Crypto Rover dated August 04, 2025, an address linked with SharpLink Gaming has bought Ether worth $105 million.

Source: X (Crypto Rover)

It is worth noting that address ‘0x18A’ bought Ethereum worth $105 million from Galaxy Digital over the weekend and has staked it all with Figment, a leading institutional-grade crypto staking infrastructure provider.

The recent purchase of $105 million in ETH is reportedly linked to SharpLink Gaming, because after this purchase, the address staked Ethereum with Figment, similar to SharpLink, to generate passive income and contribute to Ethereum’s network security.

Back-to-back Ethereum accumulation has helped SharpLink Gaming become one of the prominent publicly listed firms to hold Ether worth over $1.3 billion.

A quick overview of Ethereum prices

According to the data from CoinMarketCap, Ethereum is now exchanging hands at $3,560 with an intraday addition of 2.26% and market capitalization has noted an uptick of 2.27%.

However, in the 30-day time frame, Ethereum has added 41.76%, a massive growth of 95.38% has been noted in the quarterly time frame, and has marked a growth of 22.56% YTD

If the bullishness remains in the coming sessions, there are chances of ETH approaching the resistance level of $3,936, followed by $4,307 and $4,906. On the other hand, its nearest visible supports are $2,738, with $2,367 and $1,768 as following support levels.

Ethereum to reach new milestones by 2025 end

Following the institutional, corporate, private, and public interest in Bitcoin as primary treasury assets has paved brighter paths, yet after BTC, Ethereum is gaining similar recognition from leading companies, regulators in terms of making it a primary treasury reserve.

Following the surge in adoption of Ethereum, its dominance has grown, and as per data from TradingView, its dominance is up by 26.76% in a month and has increased by 12.25% in the past 6 months.

As of writing, ETH is having control over 11.76% of the wider crypto market and is expected to reach nearly 13% by the end of this year

Not only has its market dominance, but its market capitalization has also reacted aggressively, reaching $430 billion after an addition of 42.03% in a month and more than 95.73% in a three-month time frame.

Execution-first marketing. Own every Web3 feed with Koinpr.com.