Shapelink Gaming (SBET), a Nasdaq-listed company, has announced a significant increase in its Ethereum (ETH) holdings. Between July 27th and August 3rd, the company purchased 83,561 ETH at an average price of $3,634, totaling approximately $265 million. This acquisition brings Shapelink's total ETH holdings to a substantial 521,939 ETH. Notably, Shapelink also stated that "all holdings are staked." This indicates a strategy focused on generating passive income through staking rewards on their significant Ethereum investment. Staking ETH contributes to the network's security and efficiency, while earning the staker additional ETH. This move highlights Shapelink's commitment to the Ethereum ecosystem and its potential for long-term growth. The strategic investment in ETH and proactive staking suggest a bullish outlook on the future of Ethereum and its utility within the blockchain space. ```

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