SharpLink Gaming Overtakes Ethereum Foundation as Largest Corporate Holder of ETH

Description

SharpLink Gaming (SBET), the Nasdaq-listed firm with a crypto treasury strategy centered on ether ETH, on Tuesday said it has become the largest corporate holder of the asset with 280,706 ETH worth roughly $840 million at current prices. The firm raised $413 million via the issuance of over 24 million shares between July 7 and July 11, according to a press release . It purchased a total of 74,656 ETH over the past week at an average price of $2,852 each. Roughly $257 million of that fundraising ...