SharpLink don buy 31,000 ETH through OTC, e push Corporate ETH Treasury pass $10B
SharpLink don increase dia institutional Ethereum waka pass as e spend $108.6 million for USDC through Galaxy Digital OTC desk to buy 31,941 ETH at average price wey near $3,530-$3,828. Dis trading, we Arkham Intelligence don confirm, don boost dia holdings pass 470,000 ETH (~$1.65 billion), make SharpLink be the second biggest corporate ETH treasury. At the same time, The Ether Machine add 15,000 ETH for $3,809 each, raise dia treasury to 334,757 ETH, pass Ethereum Foundation. Corporate Ethereum treasuries don surpass $10 billion, with BitMine wey hold 625,000 ETH lead am. Industry chiefs talk say staking yields, DeFi use and law clarity na the main reasons for institutional wakka. Buying during the $3,900 dip, we OTC trading help reduce slippage, fit help stabilize market during volatility.
Bullish
Di large-scale ETH buying wey SharpLink and dem peers dey do show say institutional confidence for Ethereum long-term prospects dey grow. Short-term wise, buying when market dip dey support price floor and reduce how much supply dey, e fit make price bounce back. For long-term, big company treasuries and constant OTC deals mean steady demand and deeper liquidity wey fit bring more institutional money and make market more stable. All these things together mean ETH get better outlook.