SharpLink Expands Fund to 6 Billion USD, Buys More ETH Than Ethereum Foundation
🔥 SharpLink Gaming is proving its ambition to become an Ethereum 'shark' as it just raised its funding cap to 6 billion USD. Just yesterday (07/17), the company gathered an additional 32,892 $ETH (118.8 million USD) from Galaxy Digital and Coinbase Prime.
✅ Since the beginning of July, #SharpLink has accumulated a total of over 144,500 ETH, raising its holdings to over 353,000 ETH, valued at 1.27 billion USD — surpassing even the Ethereum Foundation. Notably, 99.7% of this ETH has been staked, generating steady staking profits.
💸 In parallel, the company continues to issue common stock, increasing the fundraising scale from the initial 1 billion USD to 6 billion USD. This plan is awaiting shareholder approval on 07/24, while SharpLink is using the method of selling future shares to maintain liquidity in accumulating ETH.
👀 SharpLink's aggressive purchasing of ETH, combined with a massive inflow from US ETH ETFs, has helped ETH surge above 3,600 USD, the highest since the beginning of the year.
📈 With relentless buying power, SharpLink is redefining its position as the largest publicly listed company holding ETH in the world — and is also a key player contributing to the new 'supply crunch' in the market.