Today, the cryptocurrency market exhibited significant activity with major transactions and the achievement of new price records.
SharpLink Gaming Acquires 10,000 ETH
Gaming giant SharpLink Gaming announced today that it has acquired 10,000 ETH from the Ethereum Foundation. The deal was conducted over-the-counter for $25.7 million, boosting the company's total Ethereum holdings to 215,634 ETH, valued at over $550 million. This acquisition cements SharpLink Gaming's position as the largest publicly traded ETH holder.
Bitcoin Hits New High
Bitcoin smashed records today, hitting an all-time high of $118,856. This surge is primarily driven by institutional demand and ETF inflows exceeding $1 billion. The rally in Bitcoin prices also sparked interest in leading altcoins, meme coins, and DeFi tokens.
Bhutan Moves Bitcoin to Sell
The Royal Government of Bhutan transferred 100.215 BTC worth $11.83 million to Binance. Over the past 11 days, a total of 449.3 BTC has been transferred, totaling $50.15 million. Managed by Druk Holdings, Bhutan's Bitcoin stash of 11,711 BTC (approximately $1.3 billion) reflects a strategic approach to profit-taking amid Bitcoin's new all-time high.
These events in the cryptocurrency market highlight the dynamic nature of the sector. As shown by investment activity and price changes, interest in cryptocurrencies continues to rise among both institutional and retail investors.
