Oh, look, SharpLink Gaming has expanded its Ether treasury to 859,853 ETH, which is roughly $3.5 billion. If you’re not a crypto enthusiast, that’s like having a chest full of shiny rocks that might be worth something if the moon is in the right phase. 🧙♂️💎
The company announced the acquisition of an additional 19,271 ETH at an average cost of $3,892 per Ether. That’s like buying 19,271 magical scrolls, each worth about the price of a small island. 🏝️💸
SharpLink earned 5,671 ETH in staking rewards since June. At current prices, that’s around $23.25 million. So, they’re basically a wizard who casts spells and gets paid in digital gold. 🧙♂️💰
Staking allows SharpLink to deploy its ETH holdings as validators on Ethereum’s proof-of-stake network, turning part of its treasury into a yield-generating asset through rewards. It’s like having a dragon that lays golden eggs while you nap. 🐉🥚
SharpLink was the first publicly traded company to announce a treasury strategy around Ethereum’s native token Ether on May 27, with an initial private investment in public equity (PIPE) of $425 million. It’s like the first wizard to try to turn lead into gold, but with more spreadsheets. 🧙♂️📈
The company’s stock price has surged by over 450% in the past six months. That’s more than a dragon’s hoard, but less than a wizard’s confidence. 🐉📈
Bitmine takes advantage of ETH price dip
Sharplink is currently the second-largest Ethereum treasury asset company behind Bitmine Immersion Technologies, which launched its treasury on June 30 with a $250 million private investment. Bitmine, the other big player, took advantage of the ETH price dip. They bought another $250 million in ETH, making their stash worth over $13 billion. It’s like the entire town of Bitcoin is now a shareholder. 🏙️💸
The company now owns 2.74% of the total supply, putting it more than halfway to its goal of owning 5% of all ETH in circulation. If they keep going, they’ll have more ETH than a dragon’s lair. 🐉💰
Over the past 14 days, the price of ETH has dropped around 14%. That’s like a wizard’s spell going wrong, and the magic is now on sale. 🧙♂️💥
Owning ETH and other proof-of-stake assets provides the opportunity to stake them for yield, earning rewards for helping validate network transactions, thus generating passive income. It’s like having a magical pet that gives you gold every day. 🐉💰
Ether Machine, the third-largest Ethereum treasury company with 496,710 ETH, launched on July 21 as a yield-bearing Ether fund targeting institutional investors. It’s like a magical vault for institutional investors. 🧙♂️🔒
According to data from Strategicethreserve.xyz, there are currently 69 Ethereum treasury companies holding a total of 5.74 million ETH. That’s more than a dragon’s hoard, but less than a wizard’s imagination. 🐉💰
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2025-10-21 21:51