SharpLink Gaming, the gaming giant now leaping onto crypto, has reportedly acquired additional 4,951 Ethereum (ETH) for $12.4 million on June 30, remarking its continued bull-eyes on the second largest cryptocurrency.
The transactions, first noted by on-chain analyst EmberCN, reveals that SharpLink added 4,951 ETH to its holding in two separate transactions, likely executed via OTC (over-the-counter) deals. The firm now holds over 193K ETH, worth approximately $463 million.
Onchain data from Arkham shows that SharpLink Gaming’s most of the Ethereum (ETH) holding is staked via Figment—a liquid staking service provider—bearing a yield of 3.03% SRR.
The gaming giant first announced the purchase of 176,271 ETH for $463 million on 13 June. It later added 12,207 ETH on 24 June, and now this latest purchase is another addition to its nearly half a billion-dollar portfolio.
As institutional demand for cryptocurrency is heating up, SharpLink’s move marks another significant push for Ethereum’s credibility in the space. While most of the publicly listed companies are going after Bitcoin, this gaming firm’s focus on Ethereum is a standout point for altcoins market.
Also read: Robinhood Launches Ethereum, Solana Staking and Tokenized Stocks
