Sharplink acquires $200 million worth of Ethereum over the weekend

Uk Jin

Summary

Sharplink Gaming has designated Ethereum (ETH) as a reserve asset and reportedly began accumulating it in large quantities.
AmberCN indicated that Sharplink raised $200 million last week and appears to have used these funds for Ethereum purchases.
A total of 52,809 Ethereum were withdrawn from a newly created Coinbase Prime Wallet, of which a portion was sent to a Sharplink address.

Sharplink Gaming, which has designated Ethereum (ETH) as a reserve asset, was found to have accumulated a large amount of tokens.

On the 11th (Korean time), AmberCN reported via X (formerly Twitter) that “Sharplink raised $200 million last week and appears to have used these funds to purchase Ethereum.”

AmberCN added, “After 52,809 Ethereum (about $220 million) were withdrawn from a newly created Coinbase Prime Wallet, a portion of them were transferred to a Sharplink address.”

ETH