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SharpLink Gaming has significantly expanded its Ethereum holdings, reaching a total of 198,167 ETH as of July 2. The firm invested around $22.8 million to purchase 9,468 ETH between June 23 and June 30, averaging a price of $2,411 per token. This strategic accumulation highlights SharpLink’s commitment to increasing its exposure to Ethereum amid evolving market conditions.
In parallel, SharpLink Gaming successfully raised approximately $24.4 million by selling about 2.5 million shares through market channels during the same timeframe. The majority of these funds are earmarked for additional Ethereum acquisitions, underscoring a focused capital allocation strategy aimed at bolstering its crypto asset portfolio.
As of June 30, SharpLink’s entire Ethereum position was fully staked, generating around 222 ETH in staking rewards since the initiative commenced on June 2. This approach not only enhances asset utilization but also provides a steady income stream, reflecting a sophisticated deployment of digital assets within decentralized finance frameworks.
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