SharpLink currently holds over 521,900 ETH, focusing on staking to increase profits.
In the last week of July, SharpLink purchased over 83,500 ETH valued at nearly 265 million USD, while also increasing the ETH concentration per share to 3.66 times.
MAIN CONTENT
SharpLink holds a total of 521,939 ETH as of early August.
An additional 83,561 ETH was purchased during the period from July 28 to August 3 at an average price of 3,634 USD/ETH.
All ETH is staked, generating 929 ETH in staking rewards.
How much Ethereum is SharpLink holding and what is its value?
SharpLink announced that it holds a total of 521,939 ETH as of August 5. In the week from July 28 to August 3, SharpLink added 83,561 ETH with a total value of approximately 264.5 million USD, at an average price of 3,634 USD per ETH.
This increase reflects an aggressive strategy to expand the cryptocurrency investment portfolio, affirming SharpLink's position in the Ethereum sector. The data demonstrates a commitment to key investments in ETH since early June 2023.
What does the ETH concentration per share mean for SharpLink?
The ETH concentration ratio, or the amount of ETH per share, has increased from 3.40 to 3.66 in the recent week, marking an 83% increase since the strategy was activated on June 2.
This increase indicates that SharpLink not only holds more ETH but also optimizes the investment efficiency of each share. This also helps investors better understand the level of asset concentration in ETH within the company's portfolio.
What is the current amount of ETH being staked at SharpLink and what benefits does it bring?
SharpLink stated that all existing ETH is being staked, receiving a total of 929 ETH as staking rewards. This is an effective strategy for increasing passive income.
Staking all ETH allows SharpLink to maximize profits from blockchain assets while solidifying its position in the Ethereum ecosystem.
Statement from SharpLink CEO, 2023
This staking reward not only increases asset value but also demonstrates understanding and successful execution of integrated DeFi mechanisms in SharpLink's investment management.
Frequently Asked Questions
How much ETH has SharpLink purchased recently?
SharpLink purchased an additional 83,561 ETH during the period from July 28 to August 3, 2023, with a total value of approximately 264.5 million USD.
What is SharpLink's current ETH concentration?
SharpLink's ETH concentration per share has risen to 3.66, an increase of 83% since the strategy began in June 2023.
What are the benefits of staking ETH at SharpLink?
All ETH is staked, generating 929 ETH in rewards, helping to increase passive income from SharpLink's cryptocurrency assets.
When was SharpLink's ETH investment strategy implemented?
SharpLink's focused investment and staking strategy for ETH has been in place since June 2, 2023, with significant growth.
Source: https://tintucbitcoin.com/sharplink-nam-giu-va-stake-521-939-eth/
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