SharpLink Increases Ethereum Holdings, Total Assets Surpass IDR 27 Trillion
SharpLink has once again added to its crypto portfolio by purchasing 15,822 Ethereum (ETH) worth approximately US$53.9 million, according to a report by Lookonchain. The transaction took place just a few hours ago as part of a major accumulation over the past two days.
Over the past two days, the company has reportedly spent around US$108.57 million in USDC to accumulate a total of 30,755 ETH. Based on this, SharpLinkโs average purchase price for Ethereum is estimated to be around US$3,530 per token.
This aggressive move has increased SharpLink's total Ethereum holdings to 480,031 ETH, with an estimated value of US$1.65 billionโequivalent to over IDR 27 trillion. This action strengthens SharpLink's position as one of the major institutions seriously collecting ETH.
In its post, Lookonchain noted that SharpLink consistently makes large purchases within short periods, indicating strong confidence in Ethereumโs future. However, this move has also caught the attention of market participants regarding the potential long-term strategy being developed.
Disclaimer Alert: Not Financial Advice (NFA). Do Your Own Research (DYOR).
-# Image Source: VOI
