SharpLink’s ETH treasury added 55,463 ETH (~$252M) last week and now holds about 797,704 ETH, valued at roughly $3.6 billion; the company says it raised $360.9M via an ATM facility and retains cash reserves to continue ETH acquisitions.
SharpLink added 55,463 ETH at an average price of $4,462, raising its total to ~797,704 ETH (~$3.6B)
Raised $360.9M via an at-the-money (ATM) facility and holds ~ $200M cash for further purchases
Holds ~0.61% of circulating ETH supply; target milestone is 1,000,000 ETH (about 79% complete)
SharpLink ETH treasury update: SharpLink added 55,463 ETH to reach ~797,704 ETH (~$3.6B). Read the latest holdings and strategy. Learn more.
What did SharpLink add to its Ethereum treasury?
SharpLink ETH treasury increased by 55,463 ETH last week, purchased at an average price of $4,462, adding roughly $252 million to the treasury. The company now reports a total balance of approximately 797,704 ETH, valued at about $3.6 billion based on current ETH prices.
How did SharpLink fund the ETH purchases?
SharpLink said it raised $360.9 million through an at-the-money (ATM) equity facility during the week and retains roughly $200 million in cash earmarked for further Ethereum acquisitions. The firm described the buys as part of a disciplined treasury strategy focused on long-term value creation.
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SharpLink’s holdings represent roughly 0.61% of the circulating ETH supply. Among publicly traded firms, it ranks behind BitMine Immersion Technologies, which holds more than double SharpLink’s ETH by dollar value. SharpLink’s stated milestone is 1,000,000 ETH—about 79% complete.
SharpLink’s stated milestone of 1,000,000 ETH is designed to create a strategic reserve that supports long-term shareholder value and liquidity for future growth initiatives. The company combines equity raises, ATM facilities, and cash reserves to pursue that goal.
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Source: https://en.coinotag.com/sharplink-may-now-hold-about-3-6b-in-ethereum-after-252m-purchase/