SharpLink now holds almost $2B in Ether after $264.5 million buy

SharpLink marches ahead with its Ether strategy, bagging $264 million of ETH, raising its total staked ETH holdings to 521,939 ETH.

Digital asset investment firm SharpLink added another haul of Ether to its balance sheet, bringing its overall ETH holdings to almost $2 billion.

On Tuesday, the company said it bought 83,562 Ether (ETH) worth $264.5 million at an average price of $3,634. The purchases, made between July 28 and Aug. 3, brought the company’s total ETH holdings to 521,939 ETH, worth $1.91 billion at current market prices. 

The company said that all of its ETH holdings are staked, allowing it to earn from Ethereum’s native proof-of-stake consensus mechanism. According to SharpLink, its cumulative staking rewards have reached 929 ETH, worth over $3.3 million. 

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