What's up, my crypto people! 🤩 Hold on tight because I have this hot news that's making waves in the world of digital currencies. It turns out that a company nobody had on their radar, SharpLink Gaming (SBET), from Minnesota (yes, over there where it's freezing cold!), is becoming a "whale" of Ethereum (ETH), and a big one at that! 🐳

Imagine the play: between June 16 and 20, these guys from SharpLink put in $30.7 million to buy 12,207 additional ETH. That's insane! And the craziest part is they did it at an average price of $2,513 per ETH. It's like they were buying fresh bread, without thinking twice! 🥖

But wait, it doesn’t stop there. This last purchase is just the cherry on top. Earlier in June, on the 13th to be exact, SharpLink had already shelled out $463 million to buy over 176,000 ETH! 🤯 If we do the math, this company now has a total of 188,478 ETH. And do you know what that means? They have become the second largest company to hold Ethereum, only behind the Ethereum Foundation itself! Almost nothing! The Foundation has about 213,072 ETH, so SharpLink is hot on their heels. It's like the student is about to surpass the teacher. 🎓

You might wonder, how does this company have so much cash to buy ETH like it’s candy? Well, the strategy is ingenious (or risky, depending on how you look at it). They sold 2.54 million of their own shares in the market, and with that, they raised $27.7 million net. Just that simple! That fresh money went straight to the coffers to keep buying Ethereum in this second phase of accumulation.

Not only are they buying, but they're also putting the ETH to work to make more money! 🤑

And SharpLink's move doesn’t just stop at buying and holding. Not at all! These guys are money geniuses. They have put ALL their ETH to work in "staking." If you don't know what that is, it's like putting your money to work in the bank, but in the crypto world, to earn more money. And it's working wonders for them: since June 2, they have already earned 120 additional ETH, worth over $293,000! Anyone would want to accumulate like that!

This news leaves us with our heads spinning. What does SharpLink know that we don’t? Is ETH going to rise like foam, and that's why they are accumulating wildly? Keep your eyes peeled, because when big companies make moves like this, it's time to pay attention. The Ethereum saga is just beginning!$ETH