SharpLink Gaming Ups Stock Sale to $6 Billion to Fuel ETH Buying Spree
2025-07-18 15:02:21
Main Idea
SharpLink Gaming increased its stock sale limit to $6 billion to fund major Ethereum (ETH) purchases, now holding more ETH than the Ethereum Foundation, with nearly all staked for network rewards.
Key Points
1. SharpLink Gaming raised its stock sale limit from $1 billion to $6 billion, primarily to purchase ETH.
2. The company has bought $515 million worth of ETH, including a single purchase of 32,892 ETH valued at around $115 million.
3. SharpLink's ETH holdings exceed 280,000, with 99.7% staked for network rewards.
4. The company now holds more ETH than the Ethereum Foundation.
5. Galaxy Research views SharpLink's actions as a positive sign for Ethereum.
Description
SharpLink Gaming , a company supported by Ethereum co-founder Joseph Lubin, has taken a step toward building one of the largest Ethereum ETH treasuries .
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