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SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury
In a remarkable milestone, SharpLink has announced that it is nearing the staggering figure of $2 billion in Ethereum holdings. The company’s treasury now stands at a value of close to $1.9 billion, as per its latest update.
This achievement comes on the back of an aggressive accumulation strategy implemented by the firm. SharpLink revealed that it had acquired 83,561 ETH worth $264.5 million at an average price of $3,634 between July 28 and August 3.
The current market value of these holdings stands at approximately $1.9 billion, which translates to a staggering ETH-per-share figure of 3.66. It is worth noting that this marks an impressive increase of 83% since SharpLink began its treasury strategy on June 2.
Furthermore, the company has emphasized that its entire stash is staked and has earned a cumulative reward of 929 ETH worth over $3.3 million to date.
Source: cryptopotato.com
