SharpLink Gaming, engaged in Ethereum assets, has increased its investment in the cryptocurrency again, highlighting its asset management strategy.
Ethereum Purchase
SharpLink Gaming announced the purchase of approximately 7,689 ETH between June 28 and July 4 for around $19.2 million, with an average price of $2,501 per ETH.
Asset Management Strategy
The company has implemented a treasury strategy focused on Ethereum, increasing its total assets to 205,634 ETH. All ETH has been allocated to staking, with the firm earning 322 ETH in rewards since June 2.
Implications for the Company
SharpLink continues to be the largest public ETH holder in the world, second only to the Ethereum Foundation. The increase of 18.8% in ETH holdings since June 13 and successful investments affirm the company’s stable market position.
The acquisition of additional ETH and a successfully implemented staking strategy emphasize SharpLink Gaming's confidence in Ethereum's future and its intent to strengthen its position in the industry.
