SharpLink Doubles Ethereum Holdings, Aiding Web3 Infrastructure Expansion

Blockchain infrastructure provider SharpLink (SBET) has significantly bolstered its Ethereum position, acquiring an additional 19,271 ETH, worth roughly $3.5 billion at the time of purchase. This acquisition brings their total holdings to a significant 859,853 ETH, according to a recent company update. SharpLink’s strategic investment reflects a continued commitment to blockchain infrastructure and long-term exposure to digital assets. The firm’s Ethereum concentration ratio has soared to 4.0 since June, highlighting its disciplined treasury management and belief in the long-term potential of Ethereum.