While the company has not formally confirmed the latest buy, the transaction suggests SharpLink is pushing toward a 500,000 ETH target.
Early market indications show that SharpLink’s Ethereum-focused strategy appears to be resonating with investors.
This Ethereum acquisition is the first major move since SharpLink named Joseph Chalom as Co-CEO on July 25.
“Joseph brings all three. His decision to join Sharplink is a massive vote of confidence for Ethereum and for the role ETH will play in the future of capital markets. With stablecoins, ETH Treasury companies and top tier talent TradFi is onboarding to DeFI.”
“Our goal [at SharpLink] is not just to hold ETH, but to activate it, using native staking, restaking, and Ethereum-based yield strategies. All to increase the value of our treasury and create long-term shareholder value.”
