SharpLink is actively accumulating Ether, recently acquiring a significant amount of the cryptocurrency. The latest purchase of nearly $54 million confirms the company's strategy.
Continuing the Accumulation Strategy
In the last few hours, SharpLink has purchased 15,822 ETH worth approximately $53.9 million. These acquisitions occurred through multiple transactions, with the largest being 6,914 ETH, valued at $23.56 million.
Market Positioning and Competitive Landscape
As a result of this purchase, SharpLink’s total Ether holdings reached 480,031 ETH, equivalent to about $1.65 billion at current market prices. Over the last 48 hours, the company has spent $108.57 million in USDC to acquire 30,755 ETH at an average price of $3,530 per ETH.
Trends in Corporate Ethereum Accumulation
SharpLink's acquisition comes amid similar moves by other corporates. Recently, The Ether Machine acquired 15,000 ETH for $56.9 million, solidifying its position as the third-largest corporate holder of Ether.
The accumulation of Ether by both SharpLink and other companies reflects a growing trend among organizations treating Ethereum as a vital part of their digital strategies.
