SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy » The Merkle News

SharpLink is leaning hard into Ethereum. They buy. They stake. They hold. Ethereum currently trades at $3,621.61, with a $437.16 billion market cap.

SharpLink now holds a massive 521,939 ETH—raw ETH sitting right on their balance sheet. Very few public vehicles hold this much. Even fewer show this level of conviction.

SharpLink Big Buys Last Week

From July 28 to August 3, SharpLink—often dubbed the “Ethereum version of MicroStrategy”—scooped up a staggering 83,561 ETH. They spent $264.5 million, averaging $3,634 per ETH.

That’s not a small bet. It’s a bold statement. They see value. They see yield. They’re not just holding ETH—they’re doubling down on it.

The strategy began back on June 2. Since then, their ETH-per-share concentration has jumped by 83%. It’s now 3.66 ETH per share, up from 3.40 just one week ago.

ETH Breaks $3,600 As Wallets Scoop $745M, SharpLink Doubles Down With $100M Buy

That’s significant. Every share they issue now holds more Ethereum. It’s a clear move to tighten the relationship between ETH’s performance and their own stock value.

All-In on Staking

SharpLink doesn’t let any ETH sit idle. They stake 100% of their ETH. Every token is locked into yield generation on the Ethereum beacon chain.

Validators are running smoothly. Staking rewards keep flowing. And they’ve already accumulated 929 ETH in cumulative rewards.

Those rewards don’t just boost returns—they help soften market volatility too. It’s a compounding play. One that fits perfectly with their long-term view: that crypto earns more when it’s locked in and working.

ETF Market Cooling Off

Last week marked a shift. For the first time in 15 weeks, crypto ETFs saw net outflows. This week continued the trend.

It’s classic “buy the rumor, sell the news.” The long-awaited crypto legislation passed into law. Many investors had front-run the news. And then—just as expected—they took profits.

According to Glassnode, inflows into ETH spot ETFs have cooled since the July run-up. But here’s the thing: they’re still net positive. Despite a mild dip in ETH’s price, investor appetite hasn’t flipped to outflows.

People are still chasing Ethereum exposure. That demand hasn’t disappeared. Not yet.

Why SharpLink’s Moves Matter

Few on-chain funds hold raw ETH at this scale. SharpLink is different. They’re not just watching from the sidelines—they’re stepping in with size.

Their strategy mirrors how institutions are treating Bitcoin. They’re leaning into staking rewards, EIP-1559 burn mechanics, and yield generation. And they’re locking in those tokens to earn more over time.

More importantly, they’re backing their thesis with real capital.

Market Backdrop To Watch

Ethereum’s daily trading volumes remain strong—hovering around $32 billion. Volatility, for now, sits below 60-day highs. But it spikes whenever major headlines drop.

That’s important. Because when legislation, ETF data, or whale moves hit the news, Ethereum reacts.

What to Watch Next

• ETF inflows: Will they return once the dust settles?
• Staking APR: If reward rates change, strategy could shift.
• Congressional oversight: New hearings may drive sentiment.
• Price action: If ETH breaks above $4,000, it might trigger another institutional buy wave.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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