SharpLink Buys More ETH After $23.46M USDT Transfer

SharpLink sends 23.46M USDT to Galaxy Digital, signaling another major ETH purchase move.

Aurelien Sage August 28, 2025 - 10:45 AM

SharpLink buys ETH using 23.46M USDT via Galaxy Digital

Ethereum

SharpLink transferred 23.46M USDT to Galaxy Digital
The move suggests a continued accumulation of Ethereum
Signals rising institutional interest in ETH

SharpLink Gaming is making headlines again, this time with a massive $23.46 million USDT transfer to Galaxy Digital. According to on-chain data, this transfer is likely aimed at acquiring more Ethereum ($ETH), reinforcing SharpLink’s bullish stance on the second-largest cryptocurrency.

💰 Growing Confidence in Ethereum

This isn’t SharpLink’s first major crypto move, but the size of this transaction shows increasing confidence in Ethereum’s long-term value. By partnering with Galaxy Digital, a well-known digital asset manager, SharpLink is aligning with institutional-grade crypto strategy.

Ethereum has had a strong year, driven by upcoming protocol upgrades, ETF momentum, and broader adoption. SharpLink’s move may indicate that institutions are preparing for another ETH rally, possibly in anticipation of increased network activity or future price gains.

SharpLink(@SharpLinkGaming) just transferred another 23.46M $USDT to #GalaxyDigital to buy more $ETH.https://t.co/A6CEjyVHb9 pic.twitter.com/l0XPEMX1AQ
— Lookonchain (@lookonchain) August 28, 2025

🌐 Galaxy Digital’s Role in the Market

Galaxy Digital, founded by Mike Novogratz, is known for facilitating large crypto trades and offering digital asset services to institutional clients. SharpLink’s repeated use of Galaxy suggests a strong working relationship and confidence in their execution.

These types of on-chain transactions are often a signal for other investors. When a publicly traded company like SharpLink makes consistent, large ETH buys, it shows belief in Ethereum’s growth — not just as a technology, but as a valuable investment asset.

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