JiyaJan
07/31 15:14
SharpLink Gaming Bets Big on Ethereum, Snaps Up 11
SharpLink Gaming Bets Big on Ethereum, Snaps Up 11,259 ETH
The online-based marketing company, SharpLink Gaming, made another big purchase of Ethereum (ETH), continuing to push its position as one of the largest public corporate Ethereum holders in the world. It recently acquired 11,259 ETH for $43.09 million at a price of $3,828 each.
SharpLink Gaming Continues Ethereum Acquisition Strategy
SharpLink recently bought 11,259 ETH, worth at least $42.5 million, which raises their total holdings to a tremendous amount of 449,276 ETH, valued at approximately $1.73 billion.
During mid-July, the company purchased 16,374 ETH, worth $48.85 million. It increased their total holdings up to 270,000 ETH at the time, positioning itself as the second-largest corporate holder of the cryptocurrency, behind only the Ethereum Foundation. By 27th July, SharpLink marked a 21% increase in Ethereum holdings, showing continuous efforts to be the largest global Ethereum holder.
After that, it acquired another 77,210 Ether, worth $295 million, continuing to expand its ETH acquisition strategy launched in June. This move of aggressive ETH purchase also signals the growing confidence in ETH.
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