Sharplink has continued its aggressive accumulation of ether, adding 15,822 ETH, at a value of approximately $ 53.9 million, over the past few hours, according to ONSAIN data.
Purchases were divided through multiple transactions, as the largest number of individual conversion reached 6914 Ether (ETH), at a value of $ 23.56 million, According to To data from Arkham Intelligence.
The new distance is the total ETH from Sharplink to 480,031 ETH, at a value of about $ 1.65 billion at current prices. The purchase spilled has lasted over the past 48 hours, as the company spent $ 108.57 million in USDC to get 30,755 ETH at an average price of $ 3,530.
On Thursday, Sharplink also spent $ 43.09 million (USDC) to buy 11,259 ETH at an average price of $ 3,828, according to ONSAIN data.
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The ether machine buys $ 57 million in ETH
Last week, ETHER 15,000 ETH added to its treasury in a purchase of $ 56.9 million. The acquisition process, which was performed at an average price of $ 3,809 per eth, coincided with the tenth anniversary of ETHEREUM.
With the last step, the Machine holdings of ETHER rises to 334,757 ETH, bypassing ETHEREUM Foundation 234,000 ETH. The company is now ranked third ETH holder in companies, behind BitMine and Sharplink only, according to Strasteress.
Ether Machine was formed earlier this year through a combination with Dynamix Corp.
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Big companies are betting on Ethereum as a treasury
Companies accelerate their ether purchases, and the network is seen as an essential infrastructure for the digital economy, according to the CEO of the Noone Ray Yossef.
Youssef Ethereum described as “a hybrid between technological stocks and digital currency”, which is increasingly attractive to cabinet strategies that focus on interest, not just negative storage.
Youssef said that the return on the return, the ability of programming, and organizational alignment, drawing aspecting companies. ETHEREUM currently hosts the majority of symbolic assets and stablecoins, with 58.1 % of the 13.4 billion real assets market.
Thanks to its increasing dominance and the use of institutions, Ethereum quickly became the favorite backup of companies working in distinguished financing.
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