SharpLink adds 19,000 ETH, lifting holdings to $3.5B as companies buy the dip
SharpLink increased its ETH holdings following a $76.5 million raise, with staking rewards topping $23 million since its treasury launch in June.
SharpLink Gaming has expanded its Ether treasury to 859,853 ETH, worth roughly $3.5 billion, following a $76.5 million capital raise completed on Friday.
The company announced the acquisition of an additional 19,271 ETH at an average cost of $3,892 per Ether (ETH) in a press release on Tuesday.
SharpLink earned 5,671 ETH in staking rewards since launching its Ethereum treasury strategy in June. At current prices of about $4,100 per ETH, those rewards are worth around $23.25 million.