SharpLink Adds $225 Million in Ethereum to Industry-Leading ETH Treasury
2025-07-15 16:11:49
Main Idea
SharpLink Gaming has acquired 280,000 Ethereum worth $846 million, marking a significant investment in the cryptocurrency, while other notable events include a dormant Bitcoin whale moving $4 billion and Standard Chartered launching institutional Bitcoin and Ethereum trading services.
Key Points
1. SharpLink Gaming owns 280,000 Ethereum worth $846 million, purchased over the past month, and has earned $283,000 in staking rewards.
2. A Satoshi-era Bitcoin wallet moved 40,009 BTC (worth $4.7 billion) to Galaxy Digital, with 6,000 BTC later transferred to a private placement for Ethereum purchases.
3. Standard Chartered now offers institutional Bitcoin and Ethereum trading services from its U.K. branch, marking a significant step in traditional finance's engagement with crypto.
4. Grayscale has confidentially submitted preliminary paperwork for a potential IPO, signaling a revival in crypto-related public offerings.
5. Metaplanet CEO Simon Gerovich is involved in acquiring Asian firms to promote Bitcoin adoption, including a recent acquisition in South Korea.
Description
The company started accumulating the asset just over a month ago.
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