Sharplink buys $54 million in ETH, holdings at $1.65B – fastbn

Sharplink buys $54 million in ETH, holdings at $1.65B


According to OnChain data, Sharplink continues its aggressive accumulation of Ether, adding 15,822 ETH over the past few hours to a value of approximately $53.9 million.

Purchase volume allocated multiple transactions, with the largest order transfer totaling 6,914 Ether (eth), worth $23.56 million, according to Data from Arkham Intelligence.

The new shipping company raises Sharplink’s total ETH holdings to 480,031 ETH, with a current price of $1.65 billion. The purchase frenzy has been ongoing for the past 48 hours, during which the company spent $108.57 million to acquire 30,755 ETH for $3,530.

Thursday, Sharplink Also spent $43.09 million USDC(USDC) Buy 11,259 ETH at an average price according to OnChain data.

Sharplink bought more ETH. source: Lookonchain

Related: Despite the constant sale of $4K, ETH recovery rate exceeds Bitcoin: Here’s why

Ether machine purchased $57 million in ETH

Last week, Ether Machine purchased Ether Machine for $56.9 million to add 15,000 ETH to the treasury. The average price of this acquisition is $3,809 per ETH, which coincides with the 10th anniversary of Ethereum.

With the latest move, the holdings of the Ethereum machine increased to 334,757 ETH, surpassing the Ethereum Foundation’s 234,000 ETH. According to StrategicEterreserve, the company is now the third largest company ETH holder behind Bitmine and Sharplink.

Passed earlier this year Merger with NASDAQ listed Dynamix Corp.Ether Machine is targeting $1.6 billion and plans to be made public later this year as stockholders notes.

Related: Ethereum 2035: The appearance of the next 10 years

The company bets on Ethereum as treasury

Companies are accelerating their ether purchases, treating the network as Infrastructure of digital economy infrastructureAccording to Noones CEO Ray Youssef.

Youssef describes Ethereum as a “mixture between technological interests and digital currencies”, increasingly attracting fiscal strategists focused on utilities, rather than just passive storage.

Yousufu says ETH’s integral yieldprogrammability and regulatory consistency are attracting forward-looking companies. Ethereum currently has most token assets and Stablecoins, accounting for 58.1% of the real-world asset market.