NASDAQ-Sportsbook Marketing Firm Sharpink Gaming bought nearly $ 49 million worth of Ether (ETH) on Sunday, while ETH prices passed $ 3,000.
The company, whose board was led by Ethereum co-founder Joseph Lubin, has been all in ETH since late May. This transaction brings the total amount of Sharpink treasury to 198,300 ETH, which costs nearly $ 608 million at the time of writing.
According to the Onchain Analytics service Arkham Intelligence and Blockchain Explorer OlerscanA purse belonging to Sharpink Gaming received 16,370 ETH worth $ 48.7 million on Sunday, from A Wallet The Ethereum Development Organization Consensys is likely to be controlled.
The transaction followed The company’s acquisition of 10,000 et From the Ethereum Foundation on Friday.
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Sharpink Gaming and the rise of ETH as an asset reserve
Sharplink gaming is the leading corporate ether treasury in the world. At the time of writing, the company was held 181,860 liquid staked ET (LSETH) and 16,419 ETH.
It was given nearly 198,300 ether, more than 197,400 ETH held by the Ethereum Foundation, according to Arkham Intelligence Data.
Throughout the board, corporate ether reserves reached about 1.34 million ETHs, worth about $ 4.1 billion at the time of writing.
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Ethereum co-founder Joe Lubin
Sharpink Gaming announced its pivot to an Ether Corporate Treasury in late May and Ethereum co-founder Joseph Lubin co-founder as chairman of the board of its directors. At this time, the firm entered a security purchase agreement for a private public equity investment worth $ 425 million, with participation from Ethereum infrastructure firm Consensys.
On Wednesday, Ethereum’s lubin said that ether wealth is important For the development of the Ethereum ecosystem. He explained that a large amount of ETH is in circulation and needs to be obtained.
Lubin said he motioned for his involvement in Sharpink play. “It will be critical to enable ether supply-demand supply-demand in the right size as we build many applications,” he said.
The announcement followed the ether recovering $ 3,000 last week. According to Nansen DataETH traded at $ 3,050 in publication after seeing a price increase of 3.5% over the past 24 hours.
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