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SharpLink Gaming announced that it purchased another 83,561 ETH between July 28 and August 3 for $303.7 million at an average price of $3,634 per coin. The buy brings its total ETH holdings to 521,939 tokens, worth over $1.9 billion.
What’s the Scoop?
- New ETH Purchase: SharpLink acquired 83,561 ETH for $303.7 million using proceeds from its ongoing at-the-market equity facility. The firm’s ETH total is now 521,939 as of August 3, a 19% increase from the prior week’s 438,190 ETH.
- Capital Raises: SharpLink raised $264.5 million from the sale of 13.6 million shares between July 28 and August 1, after raising $279.2 million the week before.
- ETH Concentration Up: With 100% of ETH staked, the company earned 929 ETH in staking rewards. Its ETH Concentration metric rose 7.6% week-over-week and 83% since June.
- Leaderboard Status: SharpLink now ranks second among 66 public ETH treasury holders, trailing only BitMine. The Ether Machine sits third with 345,362 ETH.
