SharpLink has made a significant move in its cryptocurrency investments by receiving $145 million USDC from Circle. These funds were promptly transferred to Galaxy Digital, indicating a strategic approach to boosting its Ethereum positions.
Receipt of USDC and Transfer to Galaxy Digital
On-chain data reveals that SharpLink decided to receive $145 million USDC from Circle and quickly transferred the entire amount to its long-time liquidity partner, Galaxy Digital.
Expansion of Ethereum Holdings
This move confirms SharpLink’s intention to continue increasing its investments in Ethereum, which already stands at 360,807 ETH. This next purchase is expected to solidify its position among corporate ETH treasuries.
Changes in Company Leadership
Recently, SharpLink appointed Joseph Chalom, former head of digital asset strategy at BlackRock, as its new Co-CEO. Chalom has played a vital role in launching several of BlackRock's crypto initiatives and is involved in the first tokenized U.S. Treasury fund on Ethereum.
Considering the recent actions and new appointments, SharpLink continues to engage actively in the crypto market, which could positively impact the company's future and its investments.
