Sharplink Gaming Ethereum Holdings is strengthening to $ 457 million star-news.press/wp

The shares of the Marplink Gaming Company closed on Tuesday with 7 % after the company strengthened the ether holdings of another $ 30 million.

Sharplink He said On Tuesday, she bought 12,207 ETHER (ETH) at an average price of $ 2513 each during the week on Friday, June 20, and now has more than 188,000 ETH at a value of $ 457.4 million.

Sharplink said it sold 2.54 million shares to raise $ 27.7 million, with the majority of revenue to enhance its ETH investments.

He added that from Friday, she had fully feared ETH, which was born 120 ETH, at a value of $ 293,000.

Sharplink Chairman Joseph Lubin, one of the founders of Ethereum, said that the company’s increase in the company will create “a long -term value for our shareholders.”

In May, Sharplink raised $ 425 million for her ETH purchase plan and Ain Lubin to chair its board of directors.

On June 13, Sharplink acquired $ 463 million of ETH, making it publicly circulated with the largest ETH holdings.

High stock prices

The shares in Sharplink (SBET) increased by more than 7 % by the end of the trading session on Tuesday to $ 9.66. The stock also gained 1.14 % after the bell and ended the post -hours later at $ 9.77, According to To Google Finance.

Despite the last gathering, Sharplink fell by more than 87 % after reaching $ 79.21 on May 29.

Related to: Sharplink games by 73 % amid ETHEREUM $ 1B $ 1B

During the quarter ending in March 2025, the company reported that its revenues decreased by 24 % on an annual basis, while the net profit margin decreased sharply by 110 % during the same period.

Institutions flow to eth

The institutional demand for ETH has been in a rise in recent weeks.

On Monday, large Ether holders began positions in encrypted currencies despite market fluctuations from the Iran war. One whale began in a long position of $ 101 million with a 25X crane.

Another whale accumulates $ 39 million from ETH on Sunday, with ETH, which now exceeds $ 300 million.

Last week, it was reported that more than 35 million ether ingredients had been subjected to self, which is more than 28 % of the total ETH supply in smart contracts to earn bonuses.

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