SharpLink Secures $145M USDC Injection for ETH Reserves, Holding 360,900 ETH Worth $1.34B

On July 26, on-chain data analyst Yu Jin reported a significant transaction involving the SharpLink (SBET) address, often dubbed the “ETH version of MicroStrategy.” The address received a substantial inflow of 145 million USDC from a Circle wallet, signaling a potential new minting event aimed at bolstering its Ethereum reserves. Despite no recent ETH acquisitions this week, SharpLink currently holds an impressive 360,900 ETH, valued at approximately $1.34 billion. This movement highlights ongoing strategic positioning within the crypto market, reflecting SharpLink’s commitment to maintaining a robust ETH portfolio. Such on-chain activity underscores the importance of stablecoin liquidity in facilitating large-scale asset accumulation, a critical factor for institutional investors navigating the evolving digital asset landscape.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();