ETH Price Eyeing Massive Rebound In View Amid Big Sharplink and BTCS Bets

Key Insights:

• Sharplink plans to issue up to 72.05 million shares of common stock to buy Ethereum, can this lead to an ETH price rise.
• In like manner, BTCS has added 1,000 Ethereum to its holdings, growing to 12,500 ETH.
• Ethereum developers had the 39th edition of their meeting with the Fusaka upgrade in the spotlight.

There have been so many positive conversations around Ethereum (ETH) these past few days.

One of the latest Ethereum news features Sharplink Gaming. The firm is working with Consensys to raise $1 billion to boost its ETH treasury.

Similarly, Nasdaq-listed BTCS has acquired $2.63 million worth of the largest altcoin. The crypto ecosystem hopes these activities will trigger a price rebound for ETH.

Sharplink Prepares For Notable ETH Accumulation, ETH Price Incoming?

In a filing submitted to the United States Securities and Exchange Commission (SEC), Sharplink stated its plan to issue up to 72.05 million shares of common stock.

Marked under the symbol “SBET,” about 12.6 million shares in the offering will likely be capped at $79.21 per share.

Without mincing words, SharpLink Gaming has declared that it would direct all funds generated from the stock offering to the purchase of Ethereum.

This aligns with the firm’s earlier announcement in May amidst increased crypto institutional sentiment.

Sharplink noted its plans for a private investment round to raise $425 million. The company’s next step involves setting up its first Ethereum treasury from the proceeds.

The potential plan earned the company “The MicroStrategy of Ethereum” designation

“We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as ‘ETH,’” Sharplink wrote.

BTCS Acquires 1,000 ETH at $2.63 Million

Similarly, US-based blockchain firm BTCS Inc. purchased 1,000 ETH at $2.63 million to increase its Ethereum holdings.

The transaction, which was recorded on June 2, was done through Crypto.com, a notable institutional platform.

Presently, BTCS controls a total of 13,500 ETH, a significant increase from the 9,063 ETH held in Q1, 2025

Beyond the firm’s long-term strategy to deliver value to its shareholders, BTCS recognizes ETH as the core of its blockchain infrastructure strategy.

According to Charles Allen, CEO of BTCS, the recent increase in holdings promotes cooperation with its NodeOps and Builder and the deployment of a growth-oriented model.

Both events position ETH in the spotlight. However, the coin’s price has yet to reflect the exciting news.

After registering a 2.05% loss within the last 24 hours, ETH price was trading at $2,539.64 as of writing.

Notwithstanding, a rebound may be lurking around for the coin, especially with a push from certain catalysts.

Ethereum’s performance currently looks better than that of other coins, including Bitcoin (BTC).

In digital asset investment flows, ETH has outperformed Bitcoin and XRP. Drawing on these events, CryptoElites, a market analyst, projects that the ETH price will hit $4,000.

He made this projection using the measured move method as the broader market fundamentals is likely to trigger a breakout for the top coin.

Latest Update on Fusaka Upgrade

Meanwhile, the All Core Devs – Testing (ACDT) update was live earlier on June 2.

The Ethereum developers discussed many ongoing projects, including Fusaka and PeerDAS testing. The Fusaka upgrade is still scheduled to launch by the end of 2025.

Their current concern is the stability and performance of the upgrade as the testing progresses.

This upgrade will be the next after Pectra upgrade which launched a few weeks back.

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