SharpLink’s Joe Lubin wants to buy ETH faster than any other firm
Main Idea
Joe Lubin's SharpLink Gaming is aggressively accumulating Ethereum (ETH) to compete with BitMine Immersion Tech for the title of the largest ETH treasury firm, while maintaining a low-risk approach.
Key Points
1. SharpLink Gaming, led by Joe Lubin, aims to accumulate Ethereum faster than other firms, including Bitcoin-based projects.
2. BitMine Immersion Tech currently leads with 566,800 ETH ($2.13B), while SharpLink holds 360,800 ETH ($1.35B).
3. The race to stack ETH is driving demand, with ETH's price up 110% to $3,800 in three months.
4. SharpLink is exploring a convertible note offering for financing but plans to avoid high leverage and maintain prudent risk levels.
5. Other major ETH holders include The Ethereum Foundation, The Ether Machine, PulseChain, Coinbase, Bit Digital, and Golem Foundation.
Description
SharpLink Gaming is currently the second-largest Ethereum treasury firm after BitMine Immersion Technologies.
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