Sharplink Gaming Moves $17 Million ETH to Galaxy Digital: What's Next?

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author: CryptoNews

date: November 19, 2025

1 min. read

Sharplink Gaming, a prominent player in the crypto gaming space, has reportedly deposited 5,442 ETH, valued at approximately $17.02 million, to an over-the-counter (OTC) address associated with Galaxy Digital. This transaction, highlighted by AmberCN, raises questions about Sharplink's strategic moves amidst current market conditions. The address in question, believed to be linked to Sharplink Gaming, executed the transfer earlier today. This significant ETH holding, coupled with reported unrealized losses of around $430 million on their total ETH reserves of 861,000 ETH, suggests a potential shift in investment strategy or a move to secure liquidity. Galaxy Digital, a well-known digital asset management firm, likely facilitated the OTC transaction, offering Sharplink Gaming a way to execute a large trade without significantly impacting the open market price of ETH. The implications of this transaction remain to be seen, but it underscores the ongoing volatility and strategic maneuvering within the cryptocurrency landscape. ```