The NASDAQ listed Sharplink Game announced that it purchased 56,553 Ether Lee Rigs (ETH) during the week ending on August 24. The latest acquisition has a total of $ 3.7 billion in the company’s total ETH.
Sharplink game improves Ether Leeum Holdings
According to today’s announcement, Sharplink games do not prevent ETH purchases despite the current turbulence of the market. The company said it purchased 56,553 ETH during the week ending on August 24.
In particular, Sharplink’s latest ETH Buy was the fourth consecutive weekly purchase of digital assets for several weeks. The commentary on the development of the JOSEPH CHALOM, a joint committee executive, said:
Our solidarity on SHARPLINK’s ENT financial strategy continues to show our vision’s strengths and team dedication. For more ETH acquisitions, it is possible to use about 800,000 ETH and strong liquidity, and it is still not shaken to support the larger Etherum ecosystem while focusing on building long -term value for our shareholders.
As Chaalom emphasized, Sharplink’s ETH reserves are now close to 800,000 tablets standing at 797,704 ETH. The average purchase price of the company was $ 4,462 per ETH.
The company also obtained 1,799 ETHs through Staying on June 2. SHARPLINK maintains a $ 200 million cash reservoir for ETH purchase in the future.
Meanwhile, Sharplink Gaming’s exclusive indicator, Etherum concentration, has risen to 3.80. This figure reflects strong asset density per share on a completely diluted basis and provides shareholders with a transparent ETH exposure scale per share.
At the time of writing, Sharplink’s stock stocks were traded at $ 19.42, up 1.3%. In the last six months, stocks have gained impressive 315%, mainly buoyancy by ETH financial strategy.
Will ETH replace Bitcoin in the company’s loan schedule?
BTC (Bitcoin) remains a dominant encryption asset with its market cap exceeding $ 1 trillion, but it is getting warmer in the idea of maintaining ETH as part of its financial strategy.
recent report Vaneck suggested that ETH ultimately serves as a more powerful value storage than BTC. With a similar memo, Ether Lee’s Financial Company Erthzilla presentation Yesterday’s stake was expanded to more than 102,000.
Nevertheless, not everything is the same about what ETH is superior to BTC. Galaxy Digital in the second quarter of 2025 Boost 4,272 BTC’s own Bitcoin has reduced ET exposure. In the prestime time, ETH falls 0.8% to $ 4,545 over the last 24 hours.
Yahoo! Finance and TradingView.com
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