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Minnesota-based Company Boosts ETH Holdings to 188K, Eyes Top Corporate Spot

  • SharpLink, a Minnesota-based company, has increased its ETH holdings to 188,478 ETH.
  • The company made a $30.7 million purchase at an average price of $2,513 per ETH.
  • This purchase follows an initial buy of over 176,000 ETH in June, positioning SharpLink as the second-largest known corporate holder of Ethereum.
  • The Ethereum Foundation remains the largest corporate holder with approximately 213,072 ETH.
  • To fund this latest acquisition, SharpLink sold 2.54 million shares, raising $27.7 million for the ETH purchases.
  • SharpLink's ETH holdings are utilized in staking solutions, earning the company 120 ETH valued at over $293,000 since June 2.

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