PiCK
SharpLink Gaming acquires 10,000 ETH from the Ethereum Foundation…approximately ₩37.8 billion
Summary
- Nasdaq-listed SharpLink Gaming has directly acquired 10,000 ETH from the Ethereum Foundation for approximately ₩37.8 billion.
- SharpLink Gaming stated that this acquisition is a responsible participation aimed at a long-term industry vision.
- The Ethereum held will be utilized for staking and restaking, which is expected to reduce circulating supply and contribute to the stability of the Ethereum ecosystem.
SharpLink Gaming, a Nasdaq-listed company that has adopted Ethereum (ETH) as a reserve asset, has directly purchased 10,000 Ethereum from the Ethereum Foundation.
According to Investing.com on the 11th, SharpLink Gaming secured a total of 10,000 ETH for $25,723,680 (approximately ₩37.8 billion) through a transaction with the Ethereum Foundation on the 10th (local time). The purchase price per ETH was $2,572.37. SharpLink Gaming is a sports betting and online gaming platform operator headquartered in Minneapolis, USA.
Joseph Lubin, Chairman of SharpLink Gaming, said, "This acquisition is not for short-term investment purposes, but is part of responsible participation toward a long-term industry vision," adding, "The acquired Ethereum will be utilized for staking and restaking, which will contribute to reducing the circulating supply and stabilizing the Ethereum ecosystem."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.