SharpLink set to surpass Ethereum Foundation with $612 million in Ethereum holdings
Summary
- SharpLink Gaming announced that it is making large-scale acquisitions of Ethereum (ETH) and is soon expected to surpass the holdings of the Ethereum Foundation.
- Joseph Lubin, chairman of the board, stated that he is steadily acquiring Ethereum worth tens of millions of dollars each day.
- Ethereum hit $3,000 during intraday trading in the Binance Tether (USDT) market and is currently trading in the $2,970 range.
U.S. sports betting platform SharpLink Gaming is making large-scale purchases of Ethereum (ETH) and is expected to soon become the company holding the largest amount of Ethereum.
Joseph Lubin, chairman of the board at SharpLink Gaming and co-founder of Ethereum, said in an interview with CNBC on the 8th (local time), "We are steadily acquiring tens of millions of dollars worth of Ethereum each day" and added, "We will soon surpass the Ethereum Foundation's Ethereum holdings."
Currently, the Ethereum Foundation’s holdings are estimated to be about $725 million, while SharpLink held approximately $612 million worth of Ethereum as of last week. Meanwhile, Ethereum hit $3,000 during intraday trading in the Binance Tether (USDT) market on this day. This is the first time in about five months since last February. Ethereum is currently trading in the $2,970 range.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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