SharpLink Buys $295M in ETH, Surpasses Monthly Issuance

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SharpLink’s purchase of 77,210 ETH comes days after the online technology company appointed BlackRock veteran Joseph Chalom as its new co-CEO.

SharpLink Gaming, the second-largest corporate holder of Ether, has acquired another 77,210 Ether, worth $295 million, as the firm shows no signs of slowing down its crypto treasury play.

The single purchase is more than the network’s net issuance of Ether in the past 30 days, which stood at 72,795 ETH, according to Ultra Sound Money. The company staked most of the acquired ETH to earn staking rewards. 

After the recent acquisition of ETH, the company’s total ETH holdings exceed 438,000 ETH, which is worth more than $1.69 billion, according to Lookonchain.

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