Sharplink adds $ 54 million in Ethereum, which expands holdings to $ 1.65 billion star-news.press/wp
Sharplink Gaming continued to take an aggressive ETHEREUM acquisition strategy, and to buy another 15,822 ETH, at a value of $ 53.9 million.
summary
- Sharplink added 30,755 ETH for 108.6 million dollars, as it reached 480,031 eths.
- The entire Treasury is sunken and the leadership includes former executives and Consensys.
- Analysts are divided, with some late institutional momentum and other excessive value warning.
According to August 3 mail On X by Lookonchain, the company spent $ 108.57 million in USADC over the past two days to get 30,755 ETAREUM (ETH) at an average price of $ 3530 per code. With this last purchase, Sharplink now has 480,031 ETH, at a value of $ 1.65 billion.
The company designed its approach in the Bitcoin play book (BTC), using capital markets to build a large ETH wardrobe. The main financing rounds include a special place worth $ 425 million in May and 413 million dollars collected by issuing shares in July.
The company’s leadership has also evolved to support this strategy. On July 25, Sharplink was appointed Joseph Chalom, the former head of the Blackrok Digital Asset Strategy, such as CO-CEO.
Chalom previously helped manage the ISHARES Bitcoin and ethereum boxes, with $ 87 billion and $ 10 billion of assets, respectively. The co -founder of the founder and executive director of Ethereum Joseph Lubin is Chairman of the Board of Directors.
Competition between Ethereum Treasury companies
The ETHEREUM Foundation of 233,000 has been bypassing. However, it was quickly overlooked through indulgery techniques in a bittime image, which has 625000 ETH and supported by Peter Thil. As of August 4, 63 combined companies own 2.74 million companies, at a value of 9.71 billion dollars, according to it. Data From the strategic eth reserves.
Analysts say the Sharplink activity reflects the increasing role of ETHEREUM as a strategic reserve asset. Many refer to the dominant role of ETHEREUM in the emerging sectors such as Stablecoins and the distinctive symbol as signs of strong grid momentum.
However, not all observers are convinced. One analyst in searching for alpha Argue The shares of Sharplink, SBET are trading, at a rate of 4 x approximately the value of ETH, describing them as speculation and nationalist. It is suggested that the service of investors be provided better through the direct purchases of ETH or traded boxes on the stock exchange, which avoids the bonus.
Despite the mixed views of the evaluation, Sharplink shares increased by 35 % in the past month and 112 % years so far, making it one of the most public companies that focus on Ethereum.
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2025-08-04 03:19:00
