Sports betting platform SharpLink Gaming keeps accumulating Ether after briefly slipping to the second-largest public ETH holder behind BitMine Immersion Technologies.
SharpLink acquired a record-breaking amount of Ether (ETH) for the company in the past week ending Sunday, reporting a purchase of 79,949 ETH on Tuesday.
The acquisition was completed at an average ETH purchase price of $3,238, totaling approximately $258.9 million.
The new purchases followed another $49 million buy announced last Monday, bringing SharpLink’s total Ether holdings to 360,807 ETH, worth around $1.3 billion at current market prices, according to CoinGecko.
Ether accumulation race heats up
With its latest Ether acquisition, SharpLink has reclaimed its position as the world’s largest publicly traded ETH holder, after briefly falling behind BitMine.
After announcing a $250 million private placement raise on June 30, BitMine last Thursday reported that its Ether holdings reached 300,657 ETH, with value exceeding $1 billion.
After reporting its 300,657 ETH purchase, BitMine briefly beat SharpLink in total ETH holdings, as the latter reported 280,706 in total Ether holdings last week.
SharpLink’s latest purchase was not immediately visible on CoinGecko’s public companies list by Ether holdings by publishing time.
This is a developing story, and further information will be added as it becomes available.
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