SharpLink Gaming Don Reclaim Top Public ETH Holder Wit $259M Buy
SharpLink Gaming don complete one record purchase of 79,949 Ether for $258.9 million, dem buy am for average price of $3,238 each. Dis one follow di $49 million buy dem make last week and e push dia digital treasury holding to 360,807 ETH (around $1.3 billion). Since dem start dia digital treasury strategy on June 2, SharpLink Gaming don also collect 567 ETH from staking rewards.
Dis ETH purchase don help SharpLink reclaim di number one public ETH holder status from BitMine, wey get 300,657 ETH after e private placement of $250 million. Di heat for di competition plus di growing demand from institutions dey show say companies dey support Ethereum well well. Traders suppose dey watch di price support around di current levels and fit prepare for volatility as more people dey gather public ETH.
Bullish
SharpLink Gaming big ETH buy show say institutional demand strong plus e reduce how much ETH dey available, this one fit help support Ethereum price for near future. To reclaim top public holder status na show say companies dey compete well well and dem get confidence for ETH long term value. Even though short term price fit dey shakey as companies dey rush gather, overall impact na bullish, e dey motivated by steady company treasury plans and staking yield incentives.