SharpLink Gaming now has close to $2 billion worth of Ethereum in its coffers.
According to the latest update, the company currently holds a total of 521,939 tokens.
Over the period from July 28 to August 3, SharpLink purchased 83,561 ETH for $264.5 million worth of ETH.
The company is now determined to cross 1 million tokens, which will be its first major milestone. "We're halfway there. Accelerate," a recent social media post said.
SharpLink's massive buying spree has been cited as the key reason behind Ethereum's recent strength.
1,000,000 ETH is our first milestone
— SharpLink (SBET) (@SharpLinkGaming) August 5, 2025
The first of many
We're halfway there
Accelerate pic.twitter.com/AKrG1GQxta