SharpLink Acquires 79,949 Ethereum, Expands Treasury to 360,807 ETH

Sharplink Gaming, a company listed on the NASDAC Stock Exchange, headed by Joseph Le Ben, co -founder of Ethereum more ETHEREUM (ETH) maintains about 30 % in the strategic treasury step.

The company acquired 79,949 ETH between July 14 and July 20 at an average price of $ 3,238 per code, up to its total holdings to 360,807 ETH. The acquisition comes amid a wider direction of companies that diversify the treasury strategies by integrating digital assets such as Ethereum.

Voluntary activity and market strategy

To finance purchases, Sharplink raised $ 96.6 million through the market stock program (ATM), which released about 3.8 million shares. According to the company, the money is not fully published, leaving an area for additional acquisitions in the ETH in the coming weeks.

This step strengthens the company’s position as the company’s largest car holder in Ethereum, where the distinctive symbol is placed as the basic cabinet reserve. The company’s ETH concentration scale, which exposes exposure to one arrow, has risen to 3.06, which reflects an increase of 53 % since mid -June.

Since the announcement of the digital treasury strategy on June 2, Sharplink has obtained 567 ETH in the rewards, highlighting its intention to generate the return while maintaining long -term holdings.

The purchase of the weekly ETH of about 80,000 symbols of the company’s largest acquisition of the company during any reported period, indicating the continued implementation of the accumulation strategy. Sharplink has confirmed that its treasury model is in line with its broader commercial goals and efforts to enhance the value of shareholders.

The Chairman of the Board Joseph Lubin, who is also the founder of Consensys and a well -known figure in the development of ETHEREUM, stated that the company’s treasury strategy aims to benefit from market conditions to build a large ETH reserve. Note Lubin in the last update of the company.

The continuation of ETH strength and our ability to gain a large size at opportunistic prices support our goal to continue to enhance the ETH concentration and the value of shareholders through the disciplined implementation of our treasury growth strategies.

Politics and organizational context developments

In addition to its expansion ETH, Sharplink also responded to organizational developments, specifically the last section of the genius law by US President Donald Trump.

The legislation of the two parties provides a federal framework for Stablecoins and digital asset operations, which requires full support for assets, regular reviews, and clear source guidelines. Sharplink expressed its support for the draft law, noting its potential to create a more suitable climate for Blockchain.

Le Pen noted that the legislation reduces organizational mystery, allowing companies such as Sharplink to build with more confidence in the area of digital assets. Lubin said.

With the Genius law now, the uncertainty that surrounds the innovation of encryption finally reduces. We believe this consumes in a more supportive environment for companies like Sharplink to … harnessing the full capabilities of Ethereum – including its security, expansion and smart contract tool.

As more capital continues to purchase ETH and emerging favorable legislative conditions, the treasury strategy in ETHEREUM may continue in Sharplink in expansion.

The company is compatible with the echerum ecological system to take advantage of infrastructure growth, institutional adoption, and the developments of the broader market in the encryption space.

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