The Sharplink business is to use 100% of the accumulated ETH to make staking.
ETH is a cryptocurrency that provides substantial advantages, says the analyst.
Sharplink, a company specialized in sports bets that is quoted at Nasdaq with the SBET ticket, announced that between July 28 and August 3 it acquired a total of 83,561 units of Ether (ETH), the native cryptocurrency of Ethereum.
In this way, SBET already accumulates in its corporate treasury 521,939 ETH, valued at 1,865 million dollars, according to the cryptootic calculator.
Currently, the firm led by Joseph Lubin, co -founder of Ethereum, It is the second company with more ETH in its balance.
It should be noted that the SBET strategy consists of using 100% of the accumulated ETH to make staking. Through this mechanism, the company He obtained 922 units of Ether, the equivalent of 3.2 million dollars.
Sbet’s stock market action crosses a correction period, after reaching a maximum of $ 120.
The collapse that is observed in the previous graph, is not related to its Etherean strategy, but was attributed to communication errors by the company, which were clarified.
