Well, it’s official: SharpLink has become the proud owner of the largest corporate Ethereum treasury 🤑. I mean, who needs actual cash when you can have 280,706 ETH instead? That’s nearly $858 million, for those keeping track at home.
But how did they manage this feat, you ask? It’s quite simple, really. They just went on a shopping spree between July 7 and 13, snapping up over 74,000 ETH for a cool $156 million. That works out to an average price of $2,852 per ETH. Not bad, considering the current market 📈.
And the best part? They’re not even done yet! SharpLink still has over half of the $413 million they raised from a recent at-the-market (ATM) share offering just burning a hole in their pocket. Their stock, understandably, is thrilled about the whole situation, surging 10% after the announcement 🚀.
But let’s take a step back and see how we got here. It all started in May, when SharpLink decided to pivot to ETH as its primary reserve asset. And who better to guide them on this journey than Consensys and Ethereum co-founder Joseph Lubin himself? The initiative even came with a fancy $425 million private placement 🤑.
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2025-07-15 21:39