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35m ago

SharpLink Nears 800,000 ETH After Weekly Buy as ATM Raises $361 Million

The company reports roughly $200 million available for further acquisitions under its staking-driven treasury strategy.

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SharpLink buys $250 million in Ethereum, raising its total holdings to nearly 800,000 ETH

Overview

  • SharpLink purchased 56,533 ETH between Aug. 18 and Aug. 24 at an average price of $4,462.
  • Holdings now stand at about 797,704 ETH valued near $3.6 billion, placing the firm second among corporate ETH treasuries.
  • Last week’s at-the-market share sales generated $360.9 million in net proceeds.
  • The company says about $200 million in cash remains available for additional ETH purchases.
  • The board authorized a $1.5 billion buyback to repurchase shares at or below the net asset value of its ether holdings.