US EditionSharpLink's Ether Bet Surpasses $1.3B After Latest Purchase
18 Articles
18 Articles
Why investors are eyeing ether as the next big crypto treasury play
The cryptocurrency ether runs on the Ethereum network.Dado Ruvic/ReutersCompanies are increasingly adding Ethereum to their balance sheets to generate yield.The move follows the path of bitcoin treasury companies like Michael Saylor's Strategy.Ethereum is getting a boost from the rise in stablecoins and crypto-friendly legislation.As the world's second-largest crypto, ethereum has long operated bitcoin's shadow.Now, it's getting a moment in the …
SharpLink's Ether Bet Surpasses $1.3B After Latest Purchase
SharpLink Gaming (SBET), the ether (ETH) treasury company led by Ethereum co-founder Joseph Lubin, continued its buying spree bringing total holdings above $1.3 billion.The firm said in a Tuesday press release that it acquired 79,949 ETH over the last week at an average price of $3,238, its largest weekly purchase ever. With the latest acquisition, the firm held 360,807 ETH as of July 20, worth roughly $1.33 billion at current prices.The company…
SharpLink Acquires 79,949 Ethereum, Expands Treasury to 360,807 ETH – #CryptoUpdatesGNIT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SharpLink Gaming, a Nasdaq-listed company chaired by Ethereum co-founder Joseph Lubin, has increased its Ethereum (ETH) reserves by nearly 30% in a strategic treasury move. The company acquired 79,949 ETH between July 14 and July 20 at an average price of $3,238 per token, bringing its total holdings to 360,807 ETH. The acquisition comes amid a br…
While regulation is getting tougher and corporate cash is turning to cryptos, a discreet but strategic battle is intensifying around the ether. By buying back nearly $259 million from ETH in one operation, SharpLink Gaming is taking over the advantage of BitMine Immersion Technologies. This massive acquisition is reviving a competition now central: that of controlling the largest public reserves of Ether, in a market where each cryptory held by …
SharpLink Acquires 79,949 Ethereum, Expands Treasury to 360,807 ETH
SharpLink Gaming, a Nasdaq-listed company chaired by Ethereum co-founder Joseph Lubin, has increased its Ethereum (ETH) reserves by nearly 30% in a strategic treasury move. The company acquired 79,949 ETH between July 14 and July 20 at an average price of $3,238 per token, bringing its total holdings to 360,807 ETH. The acquisition comes amid a broader trend of corporates diversifying treasury strategies by incorporating digital assets like Ethe…
Public companies now hold $3.2B worth of Ethereum, swelling past 865,000 ETH - Coin Surges
Out of the 58 entities holding Ethereum (ETH) in their treasuries, the 10 public-listed companies have roughly $3.2 billion, equivalent to 865,265 ETH. According to Strategic ETH Reserve data, four publicly listed companies recently added 113,300 ETH to their holdings. Furthermore, the number of entities jumped from 40 in June to 58 as of July 22. GameSquare Holdings purchased 8,351.89 ETH in July 2021, investing $30 million and increasing its h…
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