SharpLink & BitMine Dey Boost Ethereum Reserves, NYSE Options
SharpLink Gaming wey dey listed for Nasdaq don increase dia Ethereum treasury reach 360,807 ETH by buying 79,949 ETH for average price of $3,238 between July 14-20, wey dem fund with $96.6M at-the-market share issuance. Since June 2, di company don make 567 ETH as staking rewards, wey increase dia ETH per-share to 3.06. Ethereum co-founder Joseph Lubin dey back SharpLink, and SharpLink dey praise GENIUS Act for clearer regulation and dem still keep unused money for more ETH buys. Crypto miner BitMine (NYSE: BMNR) also start ETH options trading for NYSE to increase liquidity and support im goal to hold 5% of global ETH supply. Traders suppose watch how Ethereum treasury strategies dey change, since staking yields dey drive institutional demand, but price wahala and future ATM shares issuance fit cause dilution risk.
Bullish
Di tori say SharpLink big ETH buy dem, steady staking rewards dem and BitMine new ETH options launch dey show say institutional demand for Ethereum dey grow. Regulatory clarity under GENIUS Act plus ATM capital wey never use mean say accumulation go continue steady, wey dey support bullish feeling. For short term, more demand and new trading tools fit push ETH price up, while long-term staking returns and clear rules fit hold growth steady. Dilution risk from more ATM issuance dey but e no strong reach di pressure wey institutional buyers dey put.