SharpLink Gaming Accumulates 39,196 ETH ($62.4M) in Three Days — Institutions Buy the Dip
Ethereum treasury company SharpLink Gaming acquired nearly 29,200 ETH on June 28 for approximately $46.7 million**. Over the past three days, the company has accumulated a total of **39,196 ETH**, worth approximately **$62.4 million. The average entry price is around **$1,535** — near the yearly low of $1,512. This is the company's first major purchase since October 2025. The move follows a classic value logic: Ethereum has lost nearly 48% since the beginning of the year. Those who believe in a recovery are buying now.
Why it matters: Institutional accumulation at yearly lows suggests conviction remains strong among some large players despite market weakness.
