The company added 21,487 ETH for a total of 64.26 million dollars.
Sharplink has 237,444 eth in his treasury.
Sharplink Gaming (SBET), an betting company, made new millionaire purchases of Ether (ETH), the native cryptocurrency of the Ethereum network.
On this occasion, Sbet added to his corporate treasury a total of 21,487 ETH, for 64.26 million dollars. In this way, The signature that is quoted at Nasdaq has 237,444 units of the native currency of Ethereum.
According to Explorer data Lookonchain, the acquisitions were made through OTC operations (Over The Counter or “outside the counter”, in Spanish). These are private transactions that allow institutions to move large volumes, without affecting the market price.
Another part of the purchase was made by Coinbase Prime, the institutional Coinbase platform designed to operate and guard cryptocurrencies on a large scale. It should be clarified that the new ETH acquisitions were completed 4 hours after Sbet announced an agreement with the Ethereum Foundation to buy 10,000 ETH for 25 million dollars.
This movement is part of a context of growing institutional fever by ETH. As cryptoics has reported, there are currently more than One million coins in the hands of companiesfoundations, DAO, decentralized finance protocols (defi) and governmental entities.
More and more companies They are studying the possibility of issuing debt To obtain fast cash and finance Ether’s purchases, without the need to depend on their operational income.
It is a strategy similar to that designed by Michael Saylor, CEO of Strategy, with the difference that instead of Bitcoin (BTC) these companies are accumulating ETH to obtain an extra income through the staking.
