The company SharpLink Gaming surprised the market after announcing the purchase of $252 million in Ethereum (ETH) during the last week.
With this acquisition, the firm reaches an impressive reserve of 797,704 ETH, valued at approximately $3.7 billion, making it one of the most relevant corporate holders in the ecosystem.
In addition, SharpLink holds $200 million in reserves, reinforcing its liquidity strategy and diversification in digital assets.
The move is seen as a show of confidence in Ethereum, especially at a time when institutional investors are exploring new ways to gain exposure to top-tier crypto assets.
🔑 Key data from the announcement:
Recent purchase: $252 million in ETH.
Total in reserves: 797,704 ETH (~$3.7B).
Keeps $200 million in cash as backup.
The question many are asking is whether this massive bet could create a domino effect in other corporations interested in strengthening their balances with cryptocurrencies.
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