SharpLink snaps Upเผ ETH Amid Market Dips
SharpLink Gaming strengthened its crypto treasury by buying 143,593 Ethereum this week. The total purchase cost $667.4 million, averaging $4,648 per coin.
By August 17, SharpLink owned 740,760 ETH, valued around $3.2 billion. The firm bought moast of itsETH when prices soared near all-time highs.
- Raised $537M via authorized transactions
- New ETH boosts pool to 740,760 coins
- Earned 1,388ETH using staking since June
SharpLink’s strategy includes staking its ETH, which draws extra income. Since mid-June,the firm amassed some 1,388ETH via staking rewards alone.
However, the firm’s share price has slid despite its crypto buys. In the last five sessions, SBET stock lost 19.85%, even tho ETH dipped less than that period.
SharpLink’s share price rides closely behind ETH values,making it prone to bigger swings as traders bet on crypto.
To grow its crypto stash, SharpLink blends loans adn new shares into its funding plan.
