The listed company splurged 220 million to increase their Ethereum holdings and also earns interest from 'staking'!
Core Event:
The Nasdaq-listed company SharpLink Gaming recently spent 30.7 million USD (about 220 million RMB) to buy 12,207 Ethereum (ETH). The average purchase price was about 2,513 USD each.
After buying, they hold a total of 188,478 Ethereum, making them the publicly traded company with the most Ethereum in the world.
How did they do it?
'Staking' earns interest: They didn’t just leave these coins idle, but instead put most of them into 'staking'. It is reported that this operation has already earned them 120 Ethereum in interest since it started in early June. This indicates their intention to hold long-term.
The money comes from selling stocks: The funds for buying coins mainly come from the 27.7 million USD they recently raised by selling their own company’s stock. It was clearly stated that this money is primarily used to continue buying more Ethereum.
Big Shot's Attitude:
The company's board chairman Joseph Lubin stated: He is extremely optimistic about Ethereum's future, and buying coins is to create long-term value for shareholders. He believes that digital assets will profoundly influence future technology and finance.
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Big D's advice:
Real money is bullish: The listed company continues to invest heavily in Ethereum using the money from selling stocks, and they are also 'staking' all of it to earn interest. This level of operation shows that institutions highly recognize the long-term value of Ethereum.
'Staking' is favored: This 'staking' earning model has been adopted by large institutions, indicating it is becoming an accepted asset appreciation method. The idea is worth noting, but risks must be borne by oneself.
Retail investors, calm down: Seeing news like this and the short-term cryptocurrency price fluctuations surge by 7%, don’t act impulsively! Large institutions play the long game; ordinary people must be cautious when entering:
Only invest spare money;
Be prepared for the possibility of losing everything;
Do your own research, don’t follow the crowd blindly.
Market risks are extremely high; invest with clarity!
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