SharpLink Gaming buys $49M of ETH as price rebounds past $3K

Now the largest known corporate Ether treasury, SharpLink Gaming has acquired nearly $49 million worth of ETH.

NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought nearly $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000.

The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This latest transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly $608 million at time of writing.

According to onchain analytics service Arkham Intelligence and blockchain explorer Etherscan, a wallet belonging to SharpLink Gaming received 16,370 ETH worth $48.7 million on Sunday, from a wallet likely controlled by Ethereum development organization Consensys.

Read more