Sharplink Gaming, in a whirlwind of digital fervor, has snatched up 10,000 ETH directly from the Ethereum Foundation, and continues its aggressive purchasing spree, amassing a staggering total of 270,000 ETH. 🚀
Sharplink Gaming: The Titan of Public ETH Holdings
Sharplink Gaming (Nasdaq: SBET), the grandest public company to embrace ethereum as its core treasury asset, announced the direct acquisition of 10,000 ETH from the Ethereum Foundation for a princely sum of $25.72 million, at the rate of $2,572.37 per ETH. The deal, sealed on July 10, stands as a rare on-chain transaction between a public company and the Ethereum Foundation, a momentous event in the annals of blockchain history. 📜
This direct ETH transfer is a testament to the institutional faith in ethereum as a strategic asset, with the Ethereum Foundation playing the role of a benevolent guardian, nurturing the growth of Ethereum’s protocol and the web3 ecosystem. 🌱
Joseph Lubin, the sagacious Chairman of Sharplink and Co-Founder of Ethereum, remarked with a twinkle in his eye, “This isn’t a mere trade. It is a solemn vow to our long-term vision. Sharplink is acquiring, staking, and restaking ETH as conscientious stewards of the industry, reducing supply and bolstering the robust health of the Ethereum ecosystem.” 🛡️
But Sharplink’s appetite for ETH was far from sated. Just two days later, on July 12, the company gobbled up another 21,487 ETH (valued at $64.26 million) through the esteemed intermediaries Galaxy Digital and Coinbase Prime. On July 14, it indulged in a third feast, acquiring 16,374 ETH for $48.85 million. 🍴
In sum, Sharplink now boasts a hoard of 270,000 ETH, crowning it the largest ETH holder among publicly traded companies. With an average purchase price of approximately $2,667, the company is basking in an unrealized profit of over $81 million, a sum that would make even the most jaded financier crack a smile. 😄
Following a playbook reminiscent of Strategy’s bitcoin strategy, Sharplink is swiftly establishing itself as the gold standard for ETH accumulation. 📈
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2025-07-14 14:57