SharpLink Don Expand ETH Treasury Reach 450k, Dem Plan 80% Staking
SharpLink don increase dia Ethereum treasury to 450,000 ETH (wey be about $1.3 billion) through two OTC purchase waves, dem buy almost 180,000 ETH for average price between $2,800 and $3,238. To take fund these purchases, the company raise dia stock-sale capacity from $1 billion to $6 billion, make liquidity better for the treasury to still grow. Ethereum dey trade close to 2025 highs around $3,700, SharpLink shares jump over 10% inside one day and 206% for the month. Management plan to stake 80% of di Ethereum treasury after Shanghai upgrade to collect rewards from network and lock the circulating supply. Dis kind move, wey other companies like Bit Digital and BitMine Immersion dey do too, show say institutions dey get more interest for Ethereum. Traders suppose dey watch OTC order flow and staking numbers as signs for possible good rise for Ethereum.
Bullish
SharpLink big OTC acquisitions plus dem plan for 80% ETH staking show say institutional dem dey build strong levels and the circulating supply dey reduce, both of dem support price to go up. Short term, aggressive buying and money from stock-sale mean demand go high and e fit push Ethereum pass where e dey now. Long term, big staking after Shanghai upgrade go lock tokens and give network rewards, e go reduce sell-side pressure and make market stable. Traders wey dey watch OTC flow and staking numbers fit expect say ETH bullish movement go continue.