The Sharplink game on the Nasdaq revealed today that it had bought 56,553 additional ethereum (ETH) during the week ending on August 24. The last acquisition has approximately $ 3.7 billion.
Sharplink Gaming improves Ethereum Holdings
According to an announcement made today, Sharplink Gaming does not retain the purchase of ETH despite the current turbulence of the market. The company said it bought 56,553 ETH during the week ending on August 24.
In particular, the latest purchase of Sharplink ETH was its fourth weekly purchase consecutive from digital assets in as many weeks. Commenting on the development of Joseph Chalom, the executive co-chief said:
Our registered execution of the Sharplink Eth Treasury Strategy continues to demonstrate the strength of our vision and the commitment of our team. With nearly 800,000 ETH now in reserve and a strong liquidity available for other ETH acquisitions, our concentrating on the creation of long -term value for our shareholders while simultaneously supporting the wider Ethereum ecosystem remains unshakable.
As Chalom underlined, Sharplink’s ETH reserves are approaching 800,000 stages, currently 797,704 ETH. The average purchase price of the company during the last acquisition was $ 4,462 per ETH.
In addition, the company has won 1,799 ETH additional through milestones since June 2. Sharplink also retains around $ 200 million in cash reserves reserved for future ETH purchases.
Meanwhile, the Ethereum concentration ratio – a owner metric developed by Sharplink Gaming – went to 3.80. This figure reflects a high density of assets per share on an entirely diluted basis and provides shareholders with a transparent measure of exposure to ETH by action.
At the time of writing this document, Sharplink game actions were negotiated at $ 19.42, up 1.3% on the day. In the past six months, the share has won 315%, mainly supported by its ETH cash strategy.
Will ETH replace Bitcoin on corporate balance sheets?
While Bitcoin (BTC) remains the dominant cryptographic asset with a market capitalization exceeding 1 dollars billion, companies are getting more and more warm up to the idea of holding ETH in the context of their cash strategy.
A recent report De Vaneck suggested that the ETH could ultimately serve as a reserve of higher value than BTC. On a similar note, the cash company Ethereum ethzilla announcement Yesterday that he had extended his assets to more than 102,000 ETH.
However, not everyone is also convinced of the supposed superiority of ETH on BTC. At T2 2025, Galaxy Digital stimulating His Bitcoin holders with 4,272 BTC, while reducing his exhibition to ETH. At the time of the press, ETH is negotiated at $ 4,545, down 0.8% in the last 24 hours.
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