SharpLink Gaming Increases Ether Holdings to 438,190 Tokens Worth $1.68 Billion
SharpLink Gaming (SBET), led by Ethereum co-founder Joseph Lubin, reported an increase in its ether (ETH) holdings to 438,190 tokens, valued at approximately $1.68 billion.
- The company acquired 77,209 ETH for $297 million in the week ending July 27.
- It raised $279 million through share sales via an at-the-market equity facility.
- Shares have declined by 7%, trading at $19.46, down from a 52-week high of $124.
- Since late May, the firm has focused on accumulating ETH and has earned 722 ETH through staking.
- Joseph Chalom, a former BlackRock executive, was appointed as co-CEO.