Ethereum investment firm SharpLink Gaming has accumulated more ETH, adding on to its already substantial holdings. After the company’s latest series of purchases, it now holds 521,939 ETH, as per an official press release by the company.
SharpLink Gaming purchased a total of 83,561 ETH from July 28 to August 3rd at an average purchase price of $3,634. It also raised a total of $264.5 million in net proceeds during the same week.
“SharpLink remains deeply committed to its mission of creating enduring shareholder value by building the largest and most trusted ETH treasury company,” said co-CEO Joseph Chalom, who is a C-level executive newly appointed by the company.
SharpLink Gaming’s ETH Concentration now is 3.66
The company’s ETH concentration—a key metric used by the company to assess exposure to Ethereum for investors—has increased from 3.40 to 3.66. The company says it stakes all of its Ethereum, and for the week ending August 3rd, reported it had a total of 929 ETH in staking rewards.
Source: Google Finance
At the time of reporting, SharpLink Gaming’s shares were priced at $20.23, up by 5.69%.