SharpLink's Ether Bet Surpasses $1.3B After Latest Purchase
22 Articles
22 Articles
Why investors are eyeing ether as the next big crypto treasury play
The cryptocurrency ether runs on the Ethereum network.Dado Ruvic/ReutersCompanies are increasingly adding Ethereum to their balance sheets to generate yield.The move follows the path of bitcoin treasury companies like Michael Saylor's Strategy.Ethereum is getting a boost from the rise in stablecoins and crypto-friendly legislation.As the world's second-largest crypto, ethereum has long operated bitcoin's shadow.Now, it's getting a moment in the …
SharpLink's Ether Bet Surpasses $1.3B After Latest Purchase
SharpLink Gaming (SBET), the ether (ETH) treasury company led by Ethereum co-founder Joseph Lubin, continued its buying spree bringing total holdings above $1.3 billion.The firm said in a Tuesday press release that it acquired 79,949 ETH over the last week at an average price of $3,238, its largest weekly purchase ever. With the latest acquisition, the firm held 360,807 ETH as of July 20, worth roughly $1.33 billion at current prices.The company…
Injective brings SharpLink’s $1.3 billion ETH treasury fully on-chain
Injective's on-chain treasury innovation could accelerate institutional adoption of DeFi, enhancing capital efficiency and market transparency. The post Injective brings SharpLink’s $1.3 billion ETH treasury fully on-chain appeared first on Crypto Briefing.
Why Institutional Investors Are Still Wary of Ethereum Treasury Companies
Ethereum treasury companies are making waves as they raise capital, purchase large amounts of Ether (ETH), and bet their share prices will follow. Despite mounting excitement, major institutions remain cautious about these plays. The focus keyword—Ethereum treasury companies—captures both the trend and the uncertainty surrounding it. SharpLink and BitMine Spark Attention The most aggressive example so far is SharpLink Gaming (NASDAQ:SBET), a sma…
Banks And State Buy To Push ETH Above $5,500?
Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target. Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that the Ethereum price could rally to $5,500 in the short term because banks and states are buying. He also claimed that ETH is part of t…
ETH Rally To $4K Still Possible Despite Recent Sell-off
Key point: SharpLink Gaming and BitMine Immersion Technologies have been on an Ether (ETH) buying spree to take the mantle of the largest public ETH holder. BitMine claimed the top spot after it reported holding 300,657 ETH on Thursday, but Sharplink overtook it after the latest round of purchases last week, which boosted its holding to 360,807 ETH. Could ETH buying by public firms boost the price higher? Let’s analyze the charts to find out. ET…
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