Publicly traded US company SharpLink Gaming has significantly increased its cryptocurrency portfolio by acquiring 21,487 Ethereum (ETH), valued at approximately $64.26 million.
The purchase was executed via over-the-counter (OTC) channels and Coinbase Prime, indicating a strategic institutional approach to the acquisition.
This latest investment follows SharpLink’s recent purchase of 10,000 ETH directly from the Ethereum Foundation, underscoring a consistent strategy focused on Ethereum.
The substantial acquisition signals SharpLink Gaming’s strong confidence in Ethereum’s long-term value proposition and represents a deliberate move to deepen its exposure to the cryptocurrency.