SharpLink Gaming has increased its Ethereum holdings by purchasing an additional 16,374 ETH for approximately $48.85 million, according to Arkham data. This acquisition brings the company's total ETH holdings to 270,000. Since implementing its Ethereum asset reserve strategy in early June, SharpLink Gaming has invested around $720 million, achieving an average purchase price of $2,667 per ETH. The company currently reports a floating profit of $81.8 million, reflecting a 15% increase in value.