SharpLink Gaming just purchased an additional 264.5 million USD worth of Ethereum (ETH), bringing its total holdings to 521,939 ETH (~1.9 billion USD). This transaction took place from July 28 to August 3, with the purchase of an additional 83,561 ETH.
# Information about SharpLink Gaming
- SharpLink Gaming is a publicly listed fund management company on Nasdaq.
- The company's SBET stock rose slightly during the day, reaching nearly 19 USD.
- The company has increased more than 420% since the end of May.
# SharpLink's Investment Strategy
- SharpLink has shifted from marketing to investment and announced raising 425 million USD to establish an Ethereum fund in May.
- The company continuously bought more ETH as the price increased, spending 780 million USD on Ethereum alone in July ¹.