SharpLink Gaming continues to expand its Ethereum holdings, reaching a new level of assets and planning significant investments in its strategies.
Growth of SharpLink Gaming's ETH Reserves
Recent data shows that SharpLink Gaming acquired 56,533 ETH at an average price of $4,462 per token for a total of $252 million. The company now holds 797,704 ETH worth approximately $3.7 billion.
New Metrics and Strategies
SharpLink has introduced a new metric called 'ETH Concentration,' which measures ETH holdings per 1,000 shares. This figure has surpassed 4.0 and more than doubled since June. The company's board also approved a $1.5 billion stock buyback program to enhance shareholder value.
Fundstrat's Predictions for ETH
Fundstrat's Tom Lee predicts that ETH will soon find its bottom, as his firm BitMine Immersion Technologies purchased another 4,871 ETH worth $21.3 million. This brings BitMine's total holdings to 1.72 million ETH, valued at about $7.5 billion.
SharpLink Gaming demonstrates a strong commitment to expanding its investment portfolio in ETH, while analysts are considering positive forecasts for the currency in the near future.
