SharpLink Gaming Bolsters Ethereum Holdings With 143,000+ ETH Purchase Last Week
Nasdaq-listed SharpLink Gaming continues to expand its Ethereum (ETH) reserves. In the latest development, the firm purchased 143,593 ETH over the past week, bringing its total digital asset holdings to over $3 billion. SharpLink Gaming Increases Ethereum Holdings, Again According to a statement issued today, Minneapolis-based SharpLink Gaming acquired 143,593 ETH between August 10 and […]
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SharpLink Gaming, a prominent player in the gaming and technology sector, recently unveiled a strategic plan to allocate $425 million into Ethereum (ETH) reserves. This significant financial maneuver positions the company among notable institutions adopting cryptocurrency assets as part of their treasury strategies. The decision mirrors past instances seen in the crypto market, where firms […]
Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X […]
In a strategic move, MicroStrategy, the business intelligence (BI) company, and its subsidiaries have made a bold financial maneuver by increasing their Bitcoin (BTC) holdings. MicroStrategy Bolsters BTC Holdings According to a recent filing with the US Securities and Exchange Commission (SEC), MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 5,445 BTC, totaling approximately $147.3 million. The average purchase price for these Bitcoins was $27,053 per unit. Related Reading: Ethereum Funding Rates Turn Deep Red, What Does It Mean? With this latest acquisition,....
The all-stock deal bolsters SBI's crypto exchange services in Japan.
Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million). The latest purchase brings Metaplanet’s total holdings to 398.832, with a total aggregate cost of 3.75 billion yen ($26 million), averaging slightly above $65,700 per BTC. Related Reading: Research....