Nasdaq-listed company SharpLink Gaming (SBET) has added approximately $48.85 million worth of Ethereum to its corporate assets.
On the 13th (local time), The Block cited Arkham Intelligence as reporting that Sharplink Gaming had raised 16,374 Ethereum on the same day.
According to Arcam Data, a cryptocurrency was sent from the wallet address "0xCd9...F5F75" on the afternoon of the 13th.
Approximately $48.85 million worth of Ethereum was transferred to Sharplink's wallet. The Ethereum was transferred to Galaxy Digital (Galaxy
The purchase was reportedly made on the over-the-counter (OTC) market by SharpLink Digital. SharpLink did not make an official announcement about the purchase or its current holdings, but EmberCN said last week
Earlier on Friday evening, Sharlink reportedly purchased 21,487 ETH (worth roughly $63.7 million), bringing its total holdings to nearly 270,000 ETH.
SharpLink was previously a Minneapolis-based affiliate marketing and iGaming software company that began accepting Ethereum tokens in late May.
The strategy was launched in earnest by Joseph Lubin, co-founder of Ethereum and CEO of Consensys.
The company was funded by a $425 million private equity investment led by Mr. Lubin, who currently serves as Chairman of SharpLink's Board of Directors.
2025/07/14 17:34 KST
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