SharpLink Buys $252 Million Worth of Ethereum, Expanding its Holdings to Over 797,000 Tokens

Minneapolis-based SharpLink has made a significant investment in Ethereum, purchasing $252 million worth of the cryptocurrency. This purchase has increased their total Ether holdings to nearly 800,000 tokens, valued at roughly $3.7 billion. The move is funded by a recent $360.9 million equity program and an additional $200 million in cash reserves. Co-CEO Joseph Chalom highlighted the strategy as a balanced approach that supports both investors and Ethereum’s long-term growth.