SharpLink buys 30,755 ETH for $108M as new altcoin gains traction
Main Idea
SharpLink Gaming has purchased 30,755 ETH for $108 million, reflecting strong institutional confidence in Ethereum, while Mutuum Finance (MUTM) gains traction with its presale and security measures.
Key Points
1. SharpLink Gaming acquired 30,755 ETH for $108.57 million, increasing its total Ethereum holdings to 480,031 ETH valued at $1.65 billion.
2. Corporate ETH holdings now exceed 2.74 million tokens worth $9.71 billion, indicating strong institutional interest in crypto investments.
3. Mutuum Finance (MUTM) has raised over $14.1 million in its presale, with 665 million tokens sold and 14,800 holders, offering a potential 71% ROI at launch.
4. Mutuum Finance has a security score of 95.00, with no vulnerabilities found in its smart contracts, and has partnered with CertiK for a Bug Bounty Program.
5. SharpLink appointed Joseph Chalom, formerly of BlackRock’s digital assets division, as Co-CEO, signaling expertise in its crypto investment strategy.
Description
This substantial purchase significantly bolsters SharpLink’s total Ethereum holdings. Consequently, the firm now possesses 480,031 ETH. The total ETH stack is now valued at $1.65 billion. Simultaneously, a specific ETH-based altcoin project, Mutuum Finance (MUTM) , is capturing significant investor attention during its ongoing presale. SharpLink’s strategic Ethereum bet SharpLink Gaming is actively mirroring successful Bitcoin treasury strategies. The company is firmly committed to Ethereum inst...
Latest News
- Smarter bet than TRX? Ruvi’s 13,200% ROI forecast grows after CMC listing2025-08-06 20:03:37
- Missed ETH? Analysts say Ruvi could be your second chance after audit and CMC listing2025-08-06 19:25:10
- Tornado Cash developer Roman Storm found guilty in split verdict2025-08-06 19:17:43
- Tron price forecast: will the $1.4 billion in profit taking dent the TRX bull run?2025-08-06 16:59:23
- The Smarter Web Company raises £15.8 million via UK’s first Bitcoin-denominated bond2025-08-06 13:31:56