Ethereum Updates Today: Institutional Crypto Landscape Advancing: SharpLink’s $17 Million ETH OTC Transaction Showcases Expansion

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Bitget-RWA2025/11/19 02:32

By:Bitget-RWA

- SharpLink transferred $17M ETH to Galaxy Digital's OTC wallet, signaling rising institutional crypto activity and its treasury optimization strategy. - The move aligns with SharpLink's strategy to deploy ETH for yield generation, including $200M in DeFi via ether .fi and EigenCloud. - Galaxy Digital's prior ASTER token transfer highlights OTC's role in discreet large-scale trades, avoiding public market volatility. - SharpLink's Q3 2025 $104. 3M net income and $1.5B stock buyback reflect confidence in ca

SharpLink, a leading Ethereum treasury management firm,

moved 5,442 ETH—worth $17.02 million

to Galaxy Digital’s over-the-counter (OTC) wallet four hours ago, as reported by blockchain analytics provider Ashes Monitoring. This transaction highlights the increasing involvement of institutions in the crypto sector and demonstrates SharpLink’s ongoing efforts to manage its ETH portfolio efficiently. At present, SharpLink possesses 861,000 ETH at an average acquisition price of $3,609 per coin, but it

is currently facing an unrealized loss of $430 million

due to fluctuations in the market.

This action is part of SharpLink’s broader ETH treasury approach, as detailed in its latest earnings disclosure. As of November 9, 2025, the company holds around 861,251 ETH and has

committed nearly all its assets to staking for yield

and intends to allocate $200 million in ETH to Consensys’

Linea

platform through

ether

.fi and EigenCloud to boost DeFi returns. Joseph Chalom, SharpLink’s co-CEO, stressed the company’s dedication to generating long-term value, noting that the ETH per share ratio has doubled since the treasury was established.

This transfer also comes amid a rise in OTC transactions by

Galaxy Digital

, a top-tier crypto financial services provider.

Three hours before SharpLink’s ETH transaction

, Galaxy Digital shifted 2.9 million

ASTER

tokens (valued at $3.31 million) to an OTC wallet, suggesting possible accumulation or liquidity management by institutional players. Such transactions are

common among major market participants

, as OTC trading enables large orders to be executed privately, minimizing price impact on public exchanges.

SharpLink’s latest financial results provide further insight into its strategic direction.

In the third quarter of 2025

, the firm posted $10.8 million in revenue and $104.3 million in net profit, primarily fueled by its ETH treasury activities. The company has also strengthened its leadership team and launched a $1.5 billion share buyback initiative, signaling strong confidence in its capital deployment plans.

The intersection of these transactions illustrates the evolution of the institutional crypto landscape, with OTC platforms serving a vital function in handling sizable trades.

Experts point out that this type of activity

often foreshadows broader market movements, as institutional investors leverage OTC channels to express market sentiment or adjust holdings without affecting public trading.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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