Summary
- SharpLink Gaming, Inc. announced that it has expanded its Ethereum holdings to 521,939.
- SharpLink Gaming, Inc. reported that all of its ETH holdings are fully staked.
- SharpLink Gaming, Inc. stated that it recently purchased 83,561 ETH at an average price of $3,634 over the past month.
U.S.-listed company SharpLink Gaming, Inc. announced that it has expanded its cumulative Ethereum (ETH) holdings to 521,939. All ETH held are currently staked.
On the 5th, SharpLink Gaming, Inc. stated via its official X (formerly Twitter), "From the 28th of last month to the 3rd of this month, we purchased a total of 83,561 ETH at an average purchase price of $3,634 per coin." The total purchase value amounts to $264.5 million (approximately ₩366.2 billion).
The company explained, "Since implementing our ETH concentration strategy in June, our ETH concentration per share has risen from 3.40 to 3.66, marking an 83% increase since the start of the strategy."
Meanwhile, SharpLink Gaming, Inc. is staking all of its ETH holdings and has received 929 ETH in cumulative staking rewards.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
