SharpLink has just announced a strategy to expand its Ethereum treasury worth over $1.3 billion, with over 95% of the ETH being staked, led by Joseph Chalom – former strategist at BlackRock – serving as co-CEO.
Chalom was the lead architect of the world's largest ETH ETF (ETHA) at BlackRock and has experience collaborating with names like Coinbase, Nasdaq, and Circle. His leadership of SharpLink's Ethereum strategy is seen as a strategic move, increasing credibility and providing long-term investment direction for the company.
In just a few weeks, SharpLink has purchased over 360,000 ETH, worth approximately $1.33 billion, joining the race to accumulate ETH alongside major names like BitMine Immersion.
Whales and new wallets are also pouring money into ETH:
8 new wallets purchased 583,000 ETH (~$2.17 billion) since the beginning of July
Whales accumulated an additional 1.13 million ETH (~$4.18 billion) in just 2 weeks
Over 170 new whales have been recorded, each wallet holding over 10,000 ETH
Institutional money flow and ETFs are driving ETH prices up strongly:
ETH rose 56% in the month, reaching the milestone of $4,000
If it maintains support at $3,800–$4,000, ETH could advance to $5,000
BlackRock's ETHA fund added 120,000 ETH (~$430 million) in just one day
#Ethereum #ETH #USDT #ETF #CRYPTO