Overview
- On August 4, SharpLink acquired 18,680 ETH for $66.6 million, raising its holdings to 498,711 ETH worth about $1.81 billion.
- Last week, the company raised $279.2 million through an at-the-market equity offering to underpin its aggressive Ethereum buying strategy.
- On-chain trackers reported over $108 million in USDC flowed from a SharpLink-linked wallet to Galaxy Digital’s OTC desk for about 31,900 ETH.
- Joseph Lubin, Ethereum’s co-founder, chairs SharpLink’s board and leads its treasury strategy with a goal of outpacing all peers in accumulation speed.
- With 498,711 ETH, SharpLink remains the second-largest corporate holder behind Bitmine Immersion Technologies and adds to a $9.7 billion collective reserve across 63 public entities.