According to @MilkRoadDaily, Joseph Lubin (@ethereumJoseph) said Ethereum’s monetary base size could eclipse Bitcoin’s within a year, as shared in an X post on Aug 10, 2025 (source: @MilkRoadDaily on X, Aug 10, 2025). The same post reports that SharpLinkGaming purchased more than 521,000 ETH valued at about 2.2 billion dollars and describes the firm as among the leading treasury entities accumulating ETH (source: @MilkRoadDaily on X, Aug 10, 2025). For traders, the post highlights two market-relevant datapoints — a large reported corporate treasury ETH purchase and a prominent flippening claim — which can influence ETH BTC relative positioning and short-term sentiment monitoring around the ETH/BTC pair and spot flows (source: @MilkRoadDaily on X, Aug 10, 2025).

According to @EmberCN, SharpLinkGaming transferred $108 million USDC to Galaxy Digital over the past 7 hours and purchased 14,933 ETH at a buy price of $3,550 per ETH, accounting for approximately $53 million. After receiving ETH, they sent an additional $55.56 million USDC to Galaxy Digital. This series of high-value transactions indicates significant institutional interest in ETH and may impact short-term price action and liquidity, providing important trading signals for ETH traders (source: @EmberCN).

According to @lookonchain, whale address 0xF436 has withdrawn 14,520 ETH (valued at $53 million) from exchanges within the last 9 hours. Notably, just five days earlier, this same whale acquired 38,606 ETH (worth $148.44 million) in a transaction linked to SharpLinkGaming. This significant on-chain activity suggests strong accumulation behavior, which could reduce immediate selling pressure on ETH and be viewed as a bullish signal for Ethereum traders (source: @lookonchain).

According to @MilkRoadDaily, crypto treasury plays have emerged as a leading trend in 2025, with companies like MicroStrategy accumulating Bitcoin (BTC) and SharpLinkGaming making significant investments in Ethereum (ETH). These moves highlight a growing interest among corporations to hold digital assets in their balance sheets, potentially fueling further demand for BTC and ETH. Traders should monitor this ongoing adoption, as it could drive increased price volatility and liquidity in both cryptocurrencies (source: @MilkRoadDaily).

According to QCPgroup, despite subdued price movements in the Bitcoin (BTC) market, institutional conviction remains robust. MicroStrategy and SharpLinkGaming are actively raising capital to increase their BTC holdings, strengthening the medium-term structural case for Bitcoin even as current prices do not yet reflect this growing institutional demand. This ongoing capital influx from major players signals persistent long-term bullish sentiment in the crypto market, which traders should monitor closely for potential price shifts once market sentiment aligns with institutional activity (source: QCPgroup).

According to @EmberCN, the SharpLinkGaming wallet received $145 million USDC from a Circle wallet within the last 30 minutes, indicating a likely fresh minting event (source: @EmberCN). The funds may be part of an ongoing strategy to raise capital—possibly by selling stock—to continue building up their ETH reserves. While no new ETH purchases were made this week, SharpLinkGaming currently holds 360,900 ETH, valued at approximately $1.34 billion (source: @EmberCN). This substantial USDC inflow could signal future large-scale ETH acquisitions, which may impact ETH price dynamics and overall crypto market sentiment.

According to @lookonchain, SharpLink Gaming (@SharpLinkGaming) executed a significant over-the-counter (OTC) purchase, acquiring 10,000 Ethereum (ETH) for $25.7 million directly from the Ethereum Foundation. The transaction was completed at an average price of $2,572 per ETH. In less than 24 hours following the purchase, the value of this holding increased to $30 million, representing a rapid unrealized profit of $4.3 million. This large-scale transaction from the foundation to a gaming entity indicates notable institutional interest and could be a bullish signal for traders monitoring ETH price action.