IMPORTANT ANNOUNCEMENT from SharpLink Gaming
🔔SharpLink Gaming has purchased 176,270.69 ETH for approximately 463 million USD, becoming the largest publicly listed company holding ETH globally, second only to the Ethereum Foundation.
💰The transaction was completed at an average price of 2,626 USD per ETH, including fees. SharpLink Gaming has also raised an additional 79 million USD to support this transaction.
🔗More than 95% of SharpLink Gaming's ETH is being used for staking and liquidity staking solutions, contributing to cybersecurity and generating profits.
🔮CEO Rob Phythian believes that Ethereum will be the foundational infrastructure for future digital commerce and decentralized applications. Chairman Joseph Lubin notes that the timing of the purchase coincides with significant legislative developments in the US regarding stablecoins and the structure of the digital asset market.
📈SharpLink Gaming currently has a market capitalization of 1.93 billion USD on Nasdaq and has achieved remarkable growth of 321% year-to-date.
👉This is a significant move by SharpLink Gaming into Ethereum, and they are strategically leveraging their ETH holdings.