Sharplink -Gaming has officially become Ethereum’s largest company holder and even surpassed the Ethereum Foundation.
On July 15, the company unveiled It owns 280.706 ETH, with a value of $ 867 million. The impressive ETH company of the company grew considerably between July 7 and July 13. During this period, Sharplink bought 74,656 ETH for $ 213 million, with an average price of $ 2,852 per coin.
The company has also announced that 99.7% of its ETH companies have been set, so that an additional 415 ETH has been generated since 2 June. Since June 13, the ETH concentration of the company has increased by around 23%.
Joseph Lubin, chairman of Sharplink, emphasized That these companies represent the start of ‘collective capitalism’, where companies build for the community, not just for profit. He emphasized that the decentralized, permissionless nature of Ethereum is essential for promoting free markets.
He added:
Collective Capitalism is based on the foundations of radical free markets that are only possible on a permissionless, unpleasant, rigorously decentralized layer 1 blockchain. “
After the news, the shares of the company rose by 20% to $ 28, according to Google Finance facts.
Ethereum Treasury strategy gets traction
Sharplink’s announcement corresponds to a broader trend of companies that start to accept the Ethereum Treasury strategy.
In the past 30 days, around 10 companies, including Sharplink, have purchased more than 550,000 ETH, a total of $ 1.65 billion in acquisitions.
Some of these entities were previously Bitcoin miners such as Bitmine Immersion Technologies, who recently shifted his focus to the second largest digital active.
Kyle Reidhead, co-owner of Milk Road, predict That this trend is expected to continue, with companies possibly buying $ 2 billion in ETH in the coming month and $ 3 billion the following month.
He also noted that the growth of stablecoins and favorable regulations could further feed Ethereum’s demand.
He explained:
“In the past 30 days, these Treasury companies have purchased .5% of the entire ETH supply and moved it to Ethereum Defi smart contracts (via expansion or borrowing). Do not forget that these companies, unlike the ETFs, do not sell. They only buy (at least for the coming months.”
From the moment of the press, approximately 1,520,715 ETH (worth more than $ 4.5 billion) was locked in various Ethereum reserves of 52 companies. Strategic ethrenerve facts Show that these companies are 1.31% of the total range of the digital asset.
