SharpLink adds 19,000 ETH, lifting holdings to $3.5B as companies buy the dip

SharpLink Gaming has bolstered its Ether treasury by acquiring an additional 19,271 ETH, bringing its total holdings to 859,853 ETH, valued at approximately $3.5 billion. This acquisition follows a successful $76.5 million capital raise and a remarkable 450% increase in the company's stock price over the past six months. Since launching its Ethereum treasury strategy in June, SharpLink has earned around 5,671 ETH in staking rewards, translating to approximately $23.25 million at the current ETH price. This strategic move places SharpLink as the second-largest Ethereum treasury holder, following Bitmine Immersion Technologies, which owns about 3.24 million ETH. Despite recent drops in ETH prices, these treasury strategies represent an attractive opportunity for corporate entities to leverage Ethereum as a yield-generating asset.

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