SharpLink Raise $200M, Buy 63,784 Ethereum for Treasury
SharpLink Gaming carry $200 million reach wit one direct public offering for August 8, dem use all di money buy 52,809 ETH for Coinbase Prime. On-chain data show dem transfer to eight wallet, one of dem na for long-term staking, e confirm say dem don shift go Ethereum-based treasury strategy. For another buy, di Nasdaq-listed firm buy another 10,975 ETH, dem total holding come reach 532,914 ETH (about $2.07 billion). Dis move show say more institutions dey adopt digital assets and e show Ethereum value as inflation hedge. Traders suppose dey watch for how liquidity fit shift, price movement, and market go stable as more public companies dey put Ethereum inside their corporate reserve.
Bullish
SharpLink Gaming don buy pass 63,000 ETH through $200M DPO plus dem still dey buy from market show say big players get strong confidence for Ethereum long-term value. When big buyers come buy, e fit reduce ETH plenty for market and fit cause price to rise small small short-term. If you look long run, when company start keep Ethereum for their treasury, e go make the network more solid and e fit bring more big players join, and this one go still push ETH price higher steady steady.