Sharplink buys $259M in Ether as ETH accumulation race heats up

Sports betting level SharpLink Gaming keeps accumulating Ether aft concisely slipping to the second-largest nationalist ETH holder down BitMine Immersion Technologies.

SharpLink acquired a record-breaking magnitude of Ether (ETH) for the institution successful the past week ending Sunday, reporting a acquisition of 79,949 ETH connected Tuesday.

The acquisition was completed astatine an mean ETH acquisition terms of $3,238, totaling astir $258.9 million.

The caller purchases followed different $49 cardinal bargain announced past Monday, bringing SharpLink’s full Ether holdings to 360,807 ETH, worthy astir $1.3 cardinal astatine existent marketplace prices, according to CoinGecko.

Ether accumulation contention heats up

With its latest Ether acquisition, SharpLink has reclaimed its presumption arsenic the world’s largest publically traded ETH holder, aft concisely falling down BitMine.

After announcing a $250 cardinal backstage placement raise connected June 30, BitMine past Thursday reported that its Ether holdings reached 300,657 ETH, with worth exceeding $1 billion.

After reporting its 300,657 ETH purchase, BitMine concisely bushed SharpLink successful full ETH holdings, arsenic the second reported 280,706 successful full Ether holdings past week.

CoinGecko did not instantly update its database of nationalist companies by Ether holdings pursuing SharpLink’s latest 79,949 ETH purchase. Source: CoinGecko

SharpLink’s latest acquisition was not instantly disposable connected CoinGecko’s nationalist companies database by Ether holdings by publishing time.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.

Magazine: High condemnation that ETH volition surge 160%, SOL’s sentiment opportunity: Trade Secrets