SharpLink Buys $100M in $ETH as Institutional Interest Grows

SharpLink bought the dip and added another $100M-worth of $ETH to its Ethereum treasury.

Arkham pointed out that the address that moved the $ETH already bought another $800M previously for SharpLink Gaming, with the latest transaction of $108.6M going to Galaxy Digital OTC.

Data from Strategic ETH Reserve places SharpLink Gaming second on the list of companies with the largest $ETH reserves, with 438.2K tokens. Bitmine Immersion Tech occupies the first spot with 625K $ETH, while the third place belongs to The Ether Machine with 334.8K coins.

According to the same data, 2.26% of the total $ETH supply is spread out between 63 strategic reserves, amounting to 2.73M coins with a value of $9.39B.

Institutional Interest for $ETH is Going Up as Bitmine’s Tom Lee Predicts a $60,000 $ETH

The data shows that public institutions show an increased interest in Ethereum, with some entities exhibiting aggressive buying strategies.

The Ether Machine is one such case, after adding 15,000 $ETH to their treasury recently at an average price of $3,809.97 for a total investment of $56.9M.

Moreover, the company also announced that they plan an additional $407M investment, which, if it goes through, would more than double Bitmine’s current $ETH reserves of 625K. As the company put it in their X post, this investment strategy isn’t about profit hunting:

‘We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.’

Bloomberg analyst, Eric Balchunas, also pointed out that Ethereum ETFs are experiencing a price surge, with massive inflows hitting the market.

Ethereum’s ETF inflows are currently outperforming Bitcoin, up 13% to Bitcoin’s 8% loss over the past two months.

This pro-ETH context, with Wall Street becoming increasingly more interested in the asset, drove Tom Lee, chairman of Bitmine, to put $ETH’s Estimated Value Potential (EVP) at $60,000+.

He also thinks that the ETH/BTC ratio is off right now and that it’s likely to match 2024’s numbers soon, which would force $ETH up to $5,707 in the near future.

With $ETH booming in charts and a bull run waiting to happen, ERC-20 projects like Best Wallet ($BEST) are likely to catch steam first.

How $BEST Fuels One of the Best Non-Custodial Wallet Ecosystems

$BEST is the official token of the Best Wallet ecosystem, a non-custodial, KYC-free service that’s perfect for novice and experienced traders alike.

Best Wallet’s non-custodial profile translates to higher security, as you control the private key and, thus, the funds.

The wallet also offers access to a variety of features, including the Token Launchpad, which grants exclusive access to upcoming tokens, allowing you to invest early.

The Market Insights feature is another useful addition, feeding you real-time updates on hot projects, market sentiment, and chart trends. This allows you to make more informed decisions before investing.

$BEST is currently in presale with over $14.4M already in the bank. This makes $BEST one of the most successful presales of 2025 and one that sets Best Wallet on the road to success.

Based on Best Wallet’s features, public appeal, top security, and the fact that it’s free to use, we expect $BEST to experience a chart boom post launch.

$BEST’s growth will further feed the Best Wallet ecosystem, pushing it closer to its underlying goal: to capture over 40% of the crypto wallet market share by 2026.

You can buy $BEST at its presale price of $0.025425 by visiting the official presale page.

Will We See Another $ETH ATH in 2025?

Given the rising investor interest in $ETH, we may see another Ethereum rally soon, pushing the asset to the psychological threshold of $4,000.

We may not get Tom Lee’s $60K Ethereum in 2025, but a goal of $5,700 isn’t impossible, once $ETH clears the $4,000 resistance point.

When that happens, projects like Best Wallet ($BEST) will be among the first to see the benefits.

This isn’t financial advice. Do your own research (DYOR) and invest wisely.