๐ฅ SharpLink Doubles Down on Ethereum โ $3B+ in Holdings ๐ฅ
Nasdaq-listed SharpLink Gaming (SBET) is making waves in the crypto treasury game. ๐
Between Aug 10โ17, the company scooped up 143,593 ETH at an average of $4,648 per ETH โ paying a hefty 8% above market.
๐ Key Numbers:
Total ETH held: 740,760 ETH (~$3B)
Latest cash raised: $537M
Staking rewards since June 2: 1,388 ETH
Remaining ETH-buy war chest: $84M
๐ก Context:
SharpLink is still behind BitMine Immersion Technologies, which dominates with 1.5M ETH (~$6.6B).
But with institutions increasingly backed by clearer laws โ thanks to the GENIUS Act (stablecoin rules) & SEC Project Crypto (digital asset securities reform) โ ETH treasuries are rapidly becoming the new norm.
๐ Institutional flows into ETH are heating up. Is this the beginning of a new cycle or a top signal before a market pullback?
