SharpLink (SBET) has received 21,959 ETH ($83.96 million) in the past 2 hours.

Since early June, SharpLink (SBET) has accumulated a total of 568,000 ETH, valued at $2.215 billion, operating under a micro-strategy model for ETH reserves. The average purchase price is approximately $3,013.7, with an unrealized profit of $433 million.

In addition, SharpLink (SBET) announced last night that on 8/8 it will complete the placement of shares to four institutional investors to raise $200 million for continued purchases of ETH.