Sharplink Expands Its Ethereum Investment, Increasing Total Holdings to 270,000 ETH
2025-07-14 11:33:57
Main Idea
Sharplink Gaming has significantly expanded its Ethereum holdings through multiple large purchases, becoming the largest public ETH holder, as part of a long-term commitment to the Ethereum ecosystem.
Key Points
1. Sharplink Gaming acquired 10,000 ETH directly from the Ethereum Foundation for $25.72 million at $2,572.37 per ETH on July 10.
2. The company purchased an additional 21,487 ETH (valued at $64.26 million) via Galaxy Digital and Coinbase Prime on July 12.
3. A third purchase of 16,374 ETH followed on July 14, bringing Sharplink's total holdings to 270,000 ETH.
4. Sharplink's average purchase price is approximately $2,667 per ETH, resulting in unrealized profits.
5. Joseph Lubin, Chairman of Sharplink and Co-Founder of Ethereum, emphasized the company's long-term commitment to Ethereum, including staking and restaking ETH to support the ecosystem.
Description
Sharplink Gaming has acquired 10,000 ETH directly from the Ethereum Foundation and continues to purchase aggressively, pushing its total holdings to 270,000 ETH. Major Purchases Make Sharplink Gaming the Largest Public ETH Holder Sharplink Gaming (Nasdaq: SBET), the largest public company to adopt ethereum as its core treasury asset, announced the direct purchase of 10,000
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