Institutions Keeps On Stacking Ethereum With The Dip

SharpLink Gaming has acquired 130,000 ETH, putting its total Ethereum reserves at 728,804 ETH, valued at approximately $3.38 billion. The acquisition shows SharpLink’s strategic push to strengthen its position in the blockchain gaming ecosystem, leveraging Ethereum’s robust infrastructure to fuel its gaming and DeFi initiatives.

Meanwhile, Bitmine, a leading player in crypto mining and investment, capitalized on a recent market dip, purchasing 28,650 ETH worth roughly $130 million.

This acquisition brings Bitmine’s total Ethereum holdings to an impressive 1.17 million ETH, with a market value of approximately $5.1 billion. Bitmine’s aggressive accumulation strategy highlights its confidence in Ethereum’s long-term value as a cornerstone of decentralized finance and blockchain technology.