Ether-Stacking SharpLink Gaming Scooped Up 83,561 More ETH, Boosting Holdings To Almost $2 Billion
Main Idea
SharpLink Gaming, a Nasdaq-listed crypto treasury firm, significantly increased its ETH holdings, becoming the second-largest public holder of ETH, as the ETH accumulation race among companies gains traction.
Key Points
1. SharpLink Gaming increased its ETH holdings to 521,939 tokens, worth around $1.91 billion, by purchasing 83,561 ETH for approximately $303.7 million.
2. The firm has also earned 929 ETH, worth over $3 million, through staking since its treasury inception.
3. ETH was recently trading at $3,569, down 2.3% over the last 24 hours and about 27% below its all-time high of $4,878 in November 2021.
4. SharpLink Gaming is now the second-largest public holder of ETH, following BitMine Immersion Technologies, which holds over $3 billion in ETH.
5. The Ethereum Foundation holds the fourth-largest ETH stack with 232,600 ETH.
Description
SharpLink Gaming disclosed on Tuesday that its ether holdings increased to 521,939 tokens, worth around $1.91 billion at current market prices.
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