Ethereum Treasury SharpLink's Holdings Reach $1.3 Billion With Latest ETH Purchase
Main Idea
SharpLink Gaming has significantly increased its Ethereum holdings to over 360,000 ETH, valued at $1.3 billion, as part of its treasury growth strategy, while Ethereum's price reached a 2025 high.
Key Points
1. SharpLink Gaming now holds 360,807 ETH, worth over $1.3 billion, acquired at an average price of $3,238.
2. The company added nearly 80,000 Ethereum last week as part of its treasury growth strategy.
3. Ethereum's price hit a 2025 high of $3,848 earlier in the week before retreating to around $3,700.
4. SharpLink's stock rose by more than 10% to nearly $28 a share, with a 206% increase over the past month.
5. Other firms like Bit Digital and BitMine Immersion have also been increasing their Ethereum holdings, with BitMine surpassing $1 billion in ETH.
Description
The firm's share price was up more than 10% on Tuesday. The firm bought nearly 80,000 ETH over the weekend.
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