🚨 BREAKING NEWS IN THE CRYPTO WORLD! 💥 SHARPLINK BUYS $463 MILLION IN $ETH AND CROWNS ITSELF AS THE LARGEST PUBLIC HOLDER OF #ETH ! 🤯👑
📢 The sports betting platform SharpLink Gaming has shaken the market by acquiring a staggering 176,271 Ether for $463 million, instantly becoming the largest public holder of ETH worldwide! 🚀 This bold move, financed through private placement and stock sales (including $79 million raised since May 30), sets a new precedent in institutional adoption of #Ethereum .
With an average acquisition price of $2,626 per ETH, SharpLink has stated that more than 95% of its ETH will be used on staking and liquid staking platforms, generating returns and contributing to the security of the Ethereum network. The CEO of SharpLink Gaming, Rob Phythian, has called it a "historic moment" and announced that they now consider ETH as their "main treasury reserve asset," following MicroStrategy's footsteps with Bitcoin but focusing on Ethereum. Joseph Lubin, president of SharpLink and co-founder of Ethereum, has praised this strategy as a "fundamental" and "innovative milestone." Although SharpLink holds the title of the largest public holder, entities such as the Ethereum Foundation (214,129 ETH) and BlackRock (approximately 1.7 million ETH in its ETF) still own larger amounts. SharpLink's strategy has not been without controversy, with a volatile reaction in the price of its shares following the announcements.
🤔 Do you think this bold strategy will inspire other public companies to follow suit, triggering a new wave of massive investment in Ethereum and solidifying its position as a fundamental asset in the corporate world? 👇💬
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