In brief
- SharpLink Gaming has added to its Ethereum holdings.
- The “Ethereum treasury company” is following the model created by Strategy, which exclusively buys Bitcoin.
- SharpLink Gaming now has 205,634 coins—or over $527 million in ETH.
Ethereum treasury company SharpLink Gaming’s stock was up Tuesday after the company announced another ETH buy, bringing its total holdings of the second-biggest cryptocurrency to 205,634 coins—or over $527 million worth.
The gambling marketing firm’s stock (NASDAQ: SBET) was recently trading at nearly $16 a share, up nearly 26% over the past day.
SharpLink said Tuesday that it bought 7,689 ETH during the week spanning June 28 to July 4, at a weighted average price of $2,501 per coin.
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Author: Mathew Di Salvo