Digital asset investment firm Sharplink has added another Ether to its balance sheet, with its overall ETH holdings approaching $2 billion.
Tuesday, the company explain It bought 83,562 ether (eth) is worth $264.5 million and has an average price of $3,634. The purchase between July 28 and August 3 brought the company’s total ETH shares to 521,939 ETH, worth $1.91 billion at current market prices.
The company said all its ETH holdings were put off, allowing it to make money from Ethereum’s consensus mechanism of local verification proof. According to Sharplink, its accumulated points rewards have reached 929 ETH, worth more than $3.3 million.
The company measures the success of its ETH strategy through an ETH-share metric called ETH concentration. This shows the support of ETH per share. Sharplink’s ETH concentration is now 3.66, and it has increased by 83% since it started buying ether.
Sharplink ranked second in Eth Memorial Competition
The move marks the continuation of the company’s aggressive ETH accumulation strategy, which began in June.
On June 13, the company Announced first purchase ETH’s $463 million makes it the largest holder of Ether. It has since been replaced by another ether accumulation company called Bitmine.
bit immersion technology Added 208,137 ETH to its shares On Monday, it raised its overall ETH hiding to 833,137 ETH, worth more than $3 billion.
With ETH hovering around $3,700, Bitmine became the fourth largest cryptocurrency company, lagging behind strategy, Mara Holdings and 21 capital.
According to the data tracker strategic ETH reserve, ETH machines rank third in ETH holdings, with 345,000 ETH ($1.27 billion).
The Ethereum Foundation ranked fourth with 232,600 ETH at $855 million, while Pulsechain ranked fifth with 166,300 ETH at $6.11 billion.
Related: Bring Ethereum’s fixed hit rate to an all-time high, with ETH up to $2.7k
Spot EthET ETF hits record $465 million outflow
Sharplink’s latest ETH purchase announcement follows a record outflow from spot Ether Exchange funds (ETFs).
On Monday, data provider Sosovalue showed Ethereum’s ETF held $465 million in net daily outflows, their ETFs The highest record since release.
Blackrock’s iShares Ethereum Trust (Etha) hit the biggest hit, with a net outflow of nearly $375 million. Fidelity Ethereum Fund (FETH) ranked second in daily outflows, recording $5.511 billion.
