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SharpLink Gaming Emerges as Major ETH Holder Through Strategy of ATM Offerings and Staking

Bridge Capital Group company SharpLink Gaming, led by Ethereum co-founder Joe Lubin, is rapidly accumulating significant holdings of Ethereum (ETH). The company executes a strategy combining daily at-the-market (ATM) offerings to efficiently raise capital with staking of existing ETH reserves to generate yield.

This dual approach compounds SharpLink’s ETH asset growth. The company currently holds 360,800 ETH, positioning it as the second-largest institutional holder of Ethereum globally.

The scale of SharpLink’s ETH accumulation is substantial enough to influence broader market dynamics, impacting liquidity and price movement for the cryptocurrency. Furthermore, its active institutional participation is viewed as driving innovation within the decentralized finance (DeFi) and Web3 sectors.

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