According to @adriannewman21, they only hold a small SBET position for fun and recommend holding ETH spot or an ETH ETF instead for core exposure, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, this indicates a clear allocation preference toward ETH via spot or ETF rather than SBET for portfolio positioning, source: @adriannewman21 on X, Aug 17, 2025. According to @adriannewman21, the actionable takeaway for traders is to prioritize ETH exposure through spot or ETF and treat any SBET holding, if used, as a minimal side position, source: @adriannewman21 on X, Aug 17, 2025.

According to @adriannewman21, market confidence in the mNAV narrative is being questioned as MSTR and SBET issue equity and underperform their underlying assets, raising doubt about the treasury-company approach to crypto exposure (source: @adriannewman21). According to @adriannewman21, this dilution-driven underperformance challenges the appeal of equity-based crypto proxies and may shift focus to tracking mNAV premiums/discounts versus underlying and the pace of new share issuance (source: @adriannewman21). According to @adriannewman21, traders are reacting to widening performance gaps relative to underlying assets, which can compress valuation multiples for treasury companies and impact BTC proxy trades that rely on tight mNAV alignment (source: @adriannewman21).

According to @adriannewman21, holding SBET has lately underperformed ETH, signaling perceived relative weakness versus the major alt and a negative sentiment read on the SBET/ETH pair, source: @adriannewman21 on X. No specific performance figures were provided, but the post draws attention to monitoring the SBET/ETH ratio for near-term sentiment and relative strength tracking, source: @adriannewman21 on X.

According to @milesdeutscher, treasury-driven activity from Lubin’s SBET and Lee’s BitMine has accelerated the Ethereum (ETH) narrative and pushed it back into the spotlight, highlighting renewed trading focus on ETH; source: @milesdeutscher on X, Aug 12, 2025. According to @milesdeutscher, Tom Lee is positioning himself as ETH’s “Saylor” and is calling for ETH to reach $16,000 by the end of the year, providing a concrete price target traders can track; source: @milesdeutscher on X, Aug 12, 2025.

According to @VanessaGrellet_, SBET is positioned as the ETH treasury play for corporates globally in an X post that tags SharpLink Gaming and includes a link for more information. Source: X post by @VanessaGrellet_, Aug 9, 2025. The post provides no quantitative details such as ETH allocation size, treasury policy specifics, partnerships, pricing, or timelines, and it does not reference official company filings or press releases. Source: X post by @VanessaGrellet_, Aug 9, 2025. The only tradable tickers explicitly referenced are SBET and ETH, framing a stock–crypto treasury narrative without additional disclosures in the provided content. Source: X post by @VanessaGrellet_, Aug 9, 2025. Traders seeking verification would need to review SharpLink Gaming investor communications or regulatory filings for confirmation, which are not included in the post. Source: X post by @VanessaGrellet_, Aug 9, 2025.

According to @Pentosh1, SBET and BMNR will raise at least 400-450 million today via at-the-market offerings to buy Ethereum (ETH), indicating potential large buy-side flow into ETH spot markets (source: @Pentosh1 on X, Aug 8, 2025). The author also notes high trading volume today and expects big ETH buys to follow, highlighting near-term liquidity and order flow considerations for ETH traders (source: @Pentosh1 on X, Aug 8, 2025).

According to @EmberCN, SharpLinkGaming received 21,959 ETH in the past two hours, estimated at $83.96M, highlighting a rapid on-chain inflow that traders can track for short-term ETH liquidity signals; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, SharpLink (SBET) has accumulated 568,000 ETH since early June, now valued at $2.215B, with a blended purchase price of $3,137 and an unrealized profit of $433M, indicating a large corporate ETH treasury position; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, the approach is described as a MicroStrategy-style ETH accumulation strategy, implying programmatic treasury buying behavior that is relevant for market participants monitoring whale activity; source: @EmberCN on X, Aug 8, 2025. According to @EmberCN, the reported average cost of $3,137 provides a clear treasury break-even reference for ETH traders to observe as a potential behavioral level, derived from the figures cited; source: derived from data cited by @EmberCN on X, Aug 8, 2025. According to @EmberCN, the post also references a SharpLink announcement on Aug 8; traders can watch for official disclosures and related order flow in ETH and SBET around that date; source: @EmberCN on X, Aug 8, 2025.

According to @EmberCN, SharpLink Gaming received 21,959 ETH over the past two hours, valued at approximately $83.96 million (source: @EmberCN on X, Aug 8, 2025). According to @EmberCN, since early June SharpLink (SBET) has accumulated 568,000 ETH now valued at $2.215 billion, with an average purchase cost around $3,0137 and an unrealized profit of about $433 million (source: @EmberCN on X, Aug 8, 2025). According to @EmberCN, the accumulation is characterized as a MicroStrategy-style ETH reserve strategy for the company, and the post also notes that SharpLink issued an announcement on 8/8 (source: @EmberCN on X, Aug 8, 2025).

According to @EmberCN, SharpLink (SBET) announced that as of August 3rd, they held a total of 521,900 ETH, confirming that a previously identified reserve address holding 480,000 ETH plus related addresses with 41,400 ETH belong to SharpLink. The company reportedly continued accumulating ETH after this disclosure. This large-scale ETH holding and ongoing purchase signal potential bullish sentiment from institutional players, which could influence short-term ETH price action and market liquidity, making it a key point for traders to monitor (source: @EmberCN).

According to @MilkRoadDaily, SharpLink (SBET) has made significant Ethereum (ETH) acquisitions since mid-June, purchasing 438,190 ETH valued at approximately $1.7 billion over eight transactions. This aggressive buying activity, executed via dollar cost averaging, indicates robust institutional confidence in Ethereum and may contribute to upward price pressure and increased volatility in the ETH market. Traders should monitor SBET's ongoing accumulation for potential short-term trading opportunities and long-term market shifts. Source: @MilkRoadDaily.

According to @EmberCN, a newly created address has just received 39,652 ETH, valued at approximately $152 million, from Galaxy Digital. The identity of the recipient—whether a new institutional ETH accumulator or a new address for entities like SBET—remains unclear. This high-volume transfer highlights strong ongoing institutional demand for ETH, which may impact short-term trading liquidity and price volatility. Source: @EmberCN.

According to @OnchainDataNerd, Sharplink Gaming (SBET) recently received 145 million USDC from Circle, significantly increasing its on-chain stablecoin reserves. This substantial inflow suggests possible upcoming transactions, including the potential accumulation of more ETH, which could drive notable trading activity for both SBET and ETH. Traders are monitoring the wallet closely for signals of large-scale ETH purchases, as such moves may influence ETH price volatility and liquidity in the short term (Source: @OnchainDataNerd).

According to @EmberCN, Nasdaq-listed company SharpLink Gaming (SBET) has received 10,000 ETH from an Ethereum Foundation address, confirming a previously announced acquisition. This transaction is part of a broader accumulation strategy that began in early June, mirroring MicroStrategy's approach to corporate treasury management. To date, SharpLink Gaming has accumulated a total of 232,000 ETH at an average purchase price of approximately $2,615. The position currently shows an unrealized profit of around $84.25 million, signaling significant institutional interest in holding Ethereum as a reserve asset.

According to @EmberCN, Nasdaq-listed company SharpLink Gaming (SBET) has continued its aggressive Ethereum accumulation strategy, purchasing an additional 12,648 ETH for approximately $35.31 million. This brings their total holdings to 222,000 ETH, acquired since adopting a MicroStrategy-like approach in early June. The report notes that the company's average purchase price is around $2,617 per ETH, resulting in an unrealized profit of about $72.62 million. This consistent institutional buying by a publicly traded company could be interpreted as a strong bullish signal for Ethereum's long-term value.

According to @PeckShieldAlert, the U.S. Department of Justice (DOJ) has initiated a civil forfeiture action to seize over $225 million in USDT linked to a 'pig butchering' scam that contributed to a Kansas bank's collapse. The DOJ complaint states that crypto exchange OKX provided crucial information that helped uncover a laundering network with approximately $3 billion in transaction volume. For traders, this large-scale seizure of USDT is significant as the funds are likely to be earmarked for a U.S. government crypto stockpile, potentially impacting stablecoin liquidity and regulatory perspectives. In parallel, the stock of SharpLink Gaming (SBET), a Nasdaq-listed firm pursuing an Ethereum (ETH) treasury strategy, plunged 70% in after-hours trading. This followed an SEC filing enabling the resale of over 58 million shares. However, BTCS CEO Charles Allen suggested this could be a strategic move, speculating that SharpLink may soon announce a major ETH purchase of up to $1 billion, which could sharply reverse the stock's trajectory. At the time of the report, ETH was trading down 4.1% at around $2,650.

According to @ai_9684xtpa, while Nasdaq-listed Ethereum treasury firm SharpLink Gaming (SBET) plummeted 70% in after-hours trading, a significant counter-trend is emerging in the ETH market. The stock's decline followed a filing to allow the resale of nearly 58.7 million shares, a move BTCS CEO Charles Allen suggested could flood the market. However, Allen also speculated this could be a strategic prelude to a surprise announcement of up to $1 billion in ETH purchases by the firm. Concurrently, data from analytics platform Santiment shows that ETH whale and shark wallets (holding 1,000 to 100,000 ETH) have accumulated 1.49 million ETH over the past 30 days. This accumulation by large holders, who now control 26.98% of the total supply, provides a strong potential price floor for ETH around the $2,500 support level, contrasting with profit-taking by retail wallets and the first day of net outflows from U.S. spot Ethereum ETFs after a 19-day streak.

According to @rovercrc, SharpLink Gaming (SBET), a publicly traded company, has solidified its pivot to a crypto treasury strategy by becoming the largest public holder of Ethereum (ETH), accumulating a total of 188,478 ETH. The company recently added 12,207 ETH for approximately $30.7 million, following an earlier acquisition of 176,271 ETH for nearly $463 million. These purchases were funded through a $1 billion at-the-market (ATM) stock offering and a $450 million private placement round involving investors like ConsenSys, Galaxy, and Pantera Capital. Despite this aggressive accumulation and having Ethereum co-founder Joseph Lubin as board chairman, SBET's stock price has experienced extreme volatility, plummeting 66% after the major acquisition announcement. The company has also staked its entire ETH holdings, already earning 120 ETH in rewards, signaling a long-term commitment to its Ethereum strategy.

According to @EmberCN, publicly traded firm SharpLink Gaming (SBET) has acquired 176,271 Ether (ETH) for approximately $463 million, making it the largest public company holder of ETH. This purchase was partially funded by a $79 million draw from its stock facility. The announcement followed a significant drop in its stock price, which remains down 66% after a regulatory filing prompted a sell-off. This move is part of SharpLink's broader pivot to a crypto treasury strategy, which was initiated after a $450 million private funding round from investors including ConsenSys and Pantera Capital. In other market news, Shiba Inu (SHIB) experienced significant whale activity, with large holders purchasing 10.4 trillion SHIB tokens worth over $110 million. This accumulation, the largest in five months, occurred after SHIB's price dropped to a 16-month low and contributed to a subsequent 17% price bounce. From a technical perspective, SHIB's price action has formed a descending triangle pattern, characterized by a falling trendline and horizontal support. A breakout above the trendline could signal a continuation of the recovery rally toward the $0.00001230 resistance level, while a breakdown below the triangle's support would indicate a potential bearish reversal.

According to @EmberCN, Bitcoin (BTC) is demonstrating resilience by holding above the key $100,000 psychological threshold despite escalating geopolitical tensions in the Middle East. Analysts at crypto hedge fund QCP Capital note that this price stability is underpinned by continued institutional and corporate accumulation, with firms like Strategy and The Blockchain Group adding significant amounts of BTC to their treasuries. In a positive regulatory development, the U.S. Senate's approval of the GENIUS Act for stablecoins is viewed as a structural win for the industry. Meanwhile, Nasdaq-listed SharpLink Gaming (SBET), a company pursuing an Ethereum (ETH) treasury strategy, saw its stock plummet 70% in after-hours trading. This followed an SEC filing allowing early PIPE investors to sell shares. However, Charles Allen, CEO of BTCS, speculated this could be a strategic prelude to a major announcement of up to $1 billion in ETH purchases. On the technical front, Chainlink's LINK token has dropped below the Ichimoku cloud, confirming a bearish trend with immediate support around $12.6.

According to @AltcoinGordon, publicly-listed SharpLink Gaming (SBET) has significantly increased its Ethereum treasury by purchasing an additional 12,207 ETH for approximately $30.7 million. The source states this purchase occurred between June 16 and June 20 at an average price of $2,513 per ETH, bringing their total holdings to 188,478 ETH. This move, funded by a $27.7 million stock offering, reinforces SharpLink's position as the largest publicly traded holder of ETH, with total holdings valued at around $470 million. The company has also staked its entire ETH position, earning 120 ETH in rewards so far, which removes supply from the market and could be a bullish catalyst for the asset's price. This strategy signals growing institutional confidence in Ethereum, despite ETH trading down over 4% in the last 24 hours to around $2,492.