Sharplink Gaming accumulates over 10,000 Ethereum... surpasses 530,000 ETH holdings

Doohyun Hwang

Summary

Sharplink Gaming announced that it acquired an additional 10,975 Ethereum, bringing its total holdings to 532,914 ETH.
As a result of the large-scale purchase, the price of Ethereum rose by 5.97% compared to the previous day, reaching $3,901 on the Binance exchange.
Sharplink Gaming secured $200 million through direct listing funding, stating that the entire amount would be used to purchase Ethereum.

Sharplink Gaming (Sharplink Gaming) has additionally purchased 10,975 Ethereum (ETH) (approximately $42.79 million).

According to on-chain analytics firm Nansen, on the 7th (local time), with this purchase, Sharplink Gaming's total Ethereum holdings have risen to 532,914 ETH, with an estimated value of about $2.07 billion (approx. ₩2.85 trillion).

This large-scale purchase impacted the price of Ethereum as well. On this day, Ethereum recorded a 5.97% increase from the previous day, reaching $3,901 on the global cryptocurrency exchange Binance.

Previously, Sharplink Gaming secured a new funding of $200 million (approx. ₩280 billion) to acquire Ethereum. At that time, Sharplink stated, "We raised a total of $200 million through a direct listing funding at $19.5 per share," adding, "The entire amount will be used for Ethereum acquisitions."

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