What to know (because you’re probably too busy refreshing your bank account):
- SharpLink Gaming just bought 143,593 ETH last week, pushing its total holdings to a wallet-busting $3.2 billion. Cha-ching! 💰
- How’d they afford it? Oh, just a cool $537 million raised through tactics like a direct offering and an ATM program. No biggie. 🚀
- But wait-plot twist! Their pace is slower than a sloth on Ambien compared to rival BitMine, which has $6.6 billion in tokens. Oof. 😬
SharpLink Gaming (SBET), the Nasdaq-listed crypto hoarders led by Ethereum co-founder Joe Lubin, flexed their ETH muscles last week by adding 143,593 shiny new tokens to their collection. That brings their grand total to over $3 billion. Not bad for a company that probably started with a napkin sketch and a dream. ✨
To fund this shopping spree, they raked in $537 million through some fancy financial maneuvers, including a $390 million direct offering (because apparently, they don’t sell Girl Scout cookies). They also squeezed out an extra $146.5 million via their at-the-market issuance program. Honestly, it’s like they’re playing Monopoly but with real money. 🎲💸
The average price they paid per ETH? A whopping $4,648. But surprise! The market decided to throw a tantrum, and now ETH is sulking below $4,300. So, they’re currently sitting on 740,760 ETH worth $3.18 billion. Silver linings, right? 🌧️➡️☀️
Since their dramatic late-May pivot, SharpLink has been on a mission to become the Smaug of the crypto world, hoarding ETH and staking it for rewards like it’s their full-time job (which, let’s be honest, it kind of is). But here’s the kicker: their frenemy BitMine Immersion Technologies already has over 1.5 million tokens. That’s twice as many as SharpLink. Talk about a “keeping up with the Joneses” situation. 🐉🔥
And guess what? SharpLink still has $84 million left in their piggy bank to keep buying more ETH. Because why stop when you’re having so much fun? 🐷💰
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2025-08-19 17:13