SharpLink’s $3.5B Crypto Bet Raises Eyebrows

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A drone with angular shapes, adorned with a stylized SharpLink symbol, opens its hatch. Stylized containers fall from the drone, prominently marked with the number “19,271.” As they descend, the containers burst open, releasing thousands of Ethereum tokens—like glowing digital ingots—under the watchful eye of a controller.

SharpLink Gaming acquired 19,271 ETH for an estimated amount of over 75 million dollars. This operation brings its total reserves to 859,853 ETH, or 3.5 billion dollars as of October 19. The company, listed on the stock exchange and active in the gaming sector, thus becomes one of the largest global holders of Ethereum. In an still uncertain market, this move raises questions about the company's long-term strategy.

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