Sharplink Buys $259M In ETH As Price Surges Past $3.8K
The post Sharplink Buys $259M In ETH As Price Surges Past $3.8K appeared on BitcoinEthereumNews.com. Sports betting platform SharpLink Gaming kept accumulating Ether (ETH) after briefly slipping to the second-largest public ETH holder behind BitMine Immersion Technologies. SharpLink acquired a record-breaking amount of Ether for the company in the past week ending Sunday, reporting a purchase of 79,949 ETH on Tuesday. The acquisition was completed at an average ETH purchase price of $3,238, totaling about $258.9 million. The new purchases followed another $49 million buy announced last Monday, bringing SharpLink’s total Ether holdings to 360,807 ETH, worth about $1.3 billion at current market prices, according to CoinGecko. Ether accumulation race heats up With its latest Ether acquisition, SharpLink reclaimed its position as the world’s largest publicly traded ETH holder. After announcing a $250 million private placement raise on June 30, BitMine last Thursday reported that its Ether holdings reached 300,657 ETH, with value exceeding $1 billion. After reporting its 300,657 ETH purchase, BitMine briefly beat SharpLink in total ETH holdings, as the latter reported 280,706 in total Ether holdings last week. CoinGecko did not immediately update its list of public companies by Ether holdings following SharpLink’s latest 79,949 ETH purchase. Source: CoinGecko SharpLink’s latest purchase was not immediately visible on CoinGecko’s public companies list by Ether holdings by publishing time. Cathie Wood bags $175 million stake in BitMine The intensifying race for the title of “MicroStrategy of Ether” has been making waves in the stock market. On Monday, Cathie Wood’s investment firm ARK Invest acquired 4.4 million in Bitmine (BMNR) shares, with the purchase netting nearly $175 million. As previously mentioned, BitMine saw its shares rallying last week amid billionaire venture capitalist Peter Thiel scooping up 5.09 million BMNR shares, accounting for a 9% stake in the company. Related: Sharplink Gaming’s expanded $6B share offering could buy 1% of ETH According to TradingView data, BitMine…
The post Sharplink Buys $259M In ETH As Price Surges Past $3.8K appeared on BitcoinEthereumNews.com.
Sports betting platform SharpLink Gaming kept accumulating Ether (ETH) after briefly slipping to the second-largest public ETH holder behind BitMine Immersion Technologies. SharpLink acquired a record-breaking amount of Ether for the company in the past week ending Sunday, reporting a purchase of 79,949 ETH on Tuesday. The acquisition was completed at an average ETH purchase price of $3,238, totaling about $258.9 million. The new purchases followed another $49 million buy announced last Monday, bringing SharpLink’s total Ether holdings to 360,807 ETH, worth about $1.3 billion at current market prices, according to CoinGecko. Ether accumulation race heats up With its latest Ether acquisition, SharpLink reclaimed its position as the world’s largest publicly traded ETH holder. After announcing a $250 million private placement raise on June 30, BitMine last Thursday reported that its Ether holdings reached 300,657 ETH, with value exceeding $1 billion. After reporting its 300,657 ETH purchase, BitMine briefly beat SharpLink in total ETH holdings, as the latter reported 280,706 in total Ether holdings last week. CoinGecko did not immediately update its list of public companies by Ether holdings following SharpLink’s latest 79,949 ETH purchase. Source: CoinGecko SharpLink’s latest purchase was not immediately visible on CoinGecko’s public companies list by Ether holdings by publishing time. Cathie Wood bags $175 million stake in BitMine The intensifying race for the title of “MicroStrategy of Ether” has been making waves in the stock market. On Monday, Cathie Wood’s investment firm ARK Invest acquired 4.4 million in Bitmine (BMNR) shares, with the purchase netting nearly $175 million. As previously mentioned, BitMine saw its shares rallying last week amid billionaire venture capitalist Peter Thiel scooping up 5.09 million BMNR shares, accounting for a 9% stake in the company. Related: Sharplink Gaming’s expanded $6B share offering could buy 1% of ETH According to TradingView data, BitMine…
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