SharpLink Doubles Down On Ethereum, Buys Another 56,533 ETH To Enhance Reserves
Nasdaq-listed SharpLink Gaming disclosed today that it purchased an additional 56,553 Ethereum (ETH) during the week ending August 24. The latest acquisition brings the company’s total ETH holdings to approximately $3.7 billion. SharpLink Gaming Enhances Ethereum Holdings According to an announcement made today, SharpLink Gaming is not holding back from buying ETH despite the current […]
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Nasdaq-listed SharpLink Gaming continues to expand its Ethereum (ETH) reserves. In the latest development, the firm purchased 143,593 ETH over the past week, bringing its total digital asset holdings to over $3 billion. SharpLink Gaming Increases Ethereum Holdings, Again According to a statement issued today, Minneapolis-based SharpLink Gaming acquired 143,593 ETH between August 10 and […]
SharpLink Gaming, a prominent player in the gaming and technology sector, recently unveiled a strategic plan to allocate $425 million into Ethereum (ETH) reserves. This significant financial maneuver positions the company among notable institutions adopting cryptocurrency assets as part of their treasury strategies. The decision mirrors past instances seen in the crypto market, where firms […]
Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X […]
El Salvador President Nayib Bukele declared the country’s largest Bitcoin purchase to date in the middle of a terrible cryptocurrency market fall. He announced it in a tweet on Monday, saying, “El Salvador just bought the dip!” “Average price of $30,744 for 500 coins.” El Salvador Buys 500 BTC According to a tweet from President […]
Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin "in perpetuity" to back new mints of its UST stablecoin. Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm's stablecoin, TerraUSD (UST).Kwon: BTC buys will continue "in perpetuity"Terra has made waves inside and outside the crypto community in recent weeks thanks to its massive Bitcoin....