SharpLink added $252M ETH last week, $200M war chest left
SharpLink has expanded its Ether treasury to almost 800,000 ETH after last week’s $252 million purchase, while also approving a $1.5 billion stock buyback plan.
SharpLink Gaming boosted its Ether treasury again last week, acquiring $252 million in ETH and raising $360.9 million through its at-the-market (ATM) equity program.
The company now holds 797,704 Ether (ETH), worth about $3.7 billion, with $200 million in cash for further buys, the company revealed in a Tuesday update.
“Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision,” said Co-CEO Joseph Chalom, adding that the firm is committed to “building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem.”