SharpLink Increases Staked ETH Holdings to Over 520,000 Amid Market Outflows and Growing Competition
Main Idea
SharpLink has significantly increased its staked Ether holdings to 521,939 ETH, valued at $1.91 billion, amid record outflows from spot Ether ETFs, reflecting a shift in investor preference towards direct staking and treasury accumulation.
Key Points
1. SharpLink acquired 83,562 ETH worth $264.5 million between July 28 and August 3, boosting its total staked ETH to 521,939 ETH.
2. BitMine Immersion Technologies leads ETH treasury rankings with 833,137 ETH, valued at over $3 billion.
3. Spot Ether ETFs experienced record $465 million outflows, with BlackRock’s iShares Ethereum Trust seeing the largest outflow of nearly $375 million.
4. SharpLink’s ETH-per-share metric increased by 83% to 3.66, reflecting its aggressive accumulation strategy.
5. SharpLink has earned 929 ETH in staking rewards, valued at over $3.3 million, through Ethereum’s proof-of-stake mechanism.
Description
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