Nasdaq-listed SharpLink Gaming significantly increased its Ethereum holdings, becoming the largest ETH holder, surpassing Ethereum Foundation.
Acquisition of Additional ETH Holdings
SharpLink Gaming increased its ETH holdings by 6,377 units worth $19.56 million. According to Arkham, the company continues to actively accumulate Ethereum, gathering 91,330 ETH worth more than $275 million in the last week.
SharpLink Gaming ETH Holdings Exceed Ethereum Foundation
Following the latest purchase, SharpLink Gaming's total holdings surpassed 287,083 ETH, equivalent to nearly $908 million at a market price of $3,160. SharpLink has now become the largest corporate holder of ETH, surpassing the Ethereum Foundation. Investor Anthony Sassano noted that this event represents a significant achievement for the company.
ETH Price Predictions at $4000
Analysts predict that the price of ETH could reach $4,000 amid increased corporate demand and new Ethereum ETF inflows. In the last 24 hours, ETH surged over 6%, reaching $3,160, which will contribute to rising trader interest.
SharpLink Gaming strengthens its position in the Ethereum market, reflected in its increased holdings and positive price forecasts for ETH in the future. The company continues to actively work on supporting the Ethereum ecosystem.
