$ETH SharpLink has increased its ETH holdings to 360.807 after selling shares worth 97 million USD. This demonstrates the company's strong interest and investment in Ethereum.

SharpLink purchased 79,949 ETH at an average price of 3,238 USD from July 14 to July 20. At the same time, the company also issued 3.8 million shares through a direct share offering to raise 96.6 million USD, ready to facilitate future purchases ¹.

SharpLink's "ETH Concentration" index has risen to 3.06, an increase of 53% since mid-June. The total staking rewards have also reached 567 ETH since the company announced its Ethereum treasury strategy on June 2 ¹.

Joseph Lubin, Chairman of SharpLink, also welcomed President Donald Trump's signing of stablecoin legislation, asserting that clearer regulations in the US will strongly encourage institutional participation and validate the correctness of the Ethereum treasury strategy ¹.