Sharplink Gaming, a Nasdaq-listed company, is estimated to have invested $200 million in ETH over the weekend. This strategic crypto purchase follows a recent capital raise. According to EmberCN, a new wallet withdrew 52,809 ETH ($220 million) from Coinbase Prime and distributed it to eight wallets for staking. One of these wallets is reportedly owned by Sharplink. The company previously raised $200 million through a direct stock offering. This move signals Sharplink's commitment to ETH and its potential for staking rewards. The large ETH purchase demonstrates confidence in the cryptocurrency market and aligns with Sharplink's investment strategy. Further details on Sharplink's staking activities are expected to emerge in the coming days. ```

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