The large Sharplink Gaming has again announced a gigantic Ethereum purchase. This time it concerns 11,259 ethers who have tapped it up for $ 42.5 million. This brings the company of chairman of the board Joseph Lubin one step closer to his goal to collect 5 percent of all Ethereum.
Total to 2.73 million Ethereum
In total, companies now own 2.73 million Ethereum, which is good for a capital of $ 10.57 billion against current prices.
With that quantity, companies now have 2.27 percent of all ethers. According to Strategic ETH Reserve, there are now 64 entities that save Ethereum.
In the last few weeks in particular this number has risen like a rocket. In the graph above we see that there is now a clear momentum for building an Ethereum reserve.
The ETFS also participates very well with a total of 5.88 million Ethereum. Those ethers currently bear a value of 22.71 billion dollars. Also for the ETF holdings we see the graph walk up in an almost straight line.
Sharplink is not the biggest yet
Sharplink Gaming is not yet the largest in the field of Ethereum reserves. That honor goes to Bitmine Immersion Tech, which has 625,000 Ethereum, which is good for a total value VNA 2.42 billion dollars.
These are not yet the amounts that Strategy has in Bitcoin, but it is starting to take more serious forms.
It becomes particularly interesting to see how the market will respond if it will soon be possible to add Ethereum strike to the ETFS in the United States.
Now that is not yet possible, which makes those investors miss a bit of returns, which makes investing in those ETFS a little less attractive. If that obstacle will soon be lost in the US, it can cause a new impulse for the Ethereum course.
Source: https://newsbit.nl/sharplink-koopt-11-000-ethereum-voor-425-miljoen/
