Ethereum treasury company SharpLink Gaming has been consistently accumulating more of the second-largest market capitalization cryptocurrency and now holds 438,190 ETH, as per an official news release by the firm.
It has been aggressively accumulating Ethereum from July 21 to July 27, buying 77,209.58 ETH at an average price of $3,756. The company raised $279.2 million in net proceeds through an ATM facility.
SharpLink Gaming hires Joseph Chalom
This update follows a recent hire to the company’s leadership ranks—Former BlackRock C-level executive Joseph Chalom, who has joined SharpLink Gaming as co-CEO
“I joined SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance,” said Chalom.
The firm posted about the update on X as well.
“SharpLink now holds ~438,190 ETH…Between July 21–27, SharpLink acquired ~77,210 ETH for ~$290M at an average price of ~$3,756…ETH-per-share (“ETH Concentration”) is now ~3.40, up from ~3.06 last week, and ~70% since we began the strategy on June 2nd…Cumulative staking rewards have reached ~722 ETH,” read the X post
Source: Google Finance
At the time of reporting, the company’s shares were priced at $19.12, down by 8.63%