SharpLink Gaming has recently made a major acquisition of 143,593 Ethereum (ETH) tokens valued at approximately $667 million, purchased at an average price of around $4,648 per ETH. This purchase increased SharpLink's total ETH holdings to about 740,760 tokens, worth roughly $3.19 billion. The company also holds over $84 million in cash and has earned 1,388 ETH in staking rewards since June 2. SharpLink is one of the largest corporate holders of Ethereum and has approved a $1.5 billion stock buyback program to capitalize on its Ethereum net asset value discount. Concurrently, BlackRock has been active in the crypto market, selling significant amounts of Bitcoin (BTC) and Ethereum but also repurchasing ETH in large quantities. BlackRock sold over $250 million worth of ETH and over $200 million worth of BTC in mid-August, but subsequently bought back $233.6 million and $337.7 million worth of Ethereum in later transactions. Other institutional investors such as Fidelity and Bitmine are also increasing their Ethereum holdings, with Bitmine holding 1,575,848 ETH valued at $6.6 billion and continuing to buy. Market analysts note that Ethereum is becoming a core asset for Wall Street, with prominent investors like Tom Lee recently purchasing $45 million worth of ETH. The Strategic ETH Reserve now holds 4.1 million ETH valued at $17 billion, indicating strong institutional interest and potential buying pressure totaling tens of billions of dollars across various funds and ETFs.