The firm also announced that 99.7% of its ETH holdings are staked, generating an additional 415 ETH since June 2. Since June 13, the company’s ETH concentration has increased by about 23%.
He added:
Collective capitalism is built on the foundations of radically free markets only possible on a permissionless, uncensorable, rigorously decentralized Layer 1 blockchain.”
SharpLink’s announcement aligns with a broader trend of companies beginning to adopt the Ethereum Treasury Strategy.
Over the past 30 days, approximately 10 firms, including SharpLink, have purchased more than 550,000 ETH, totaling $1.65 billion in acquisitions.
He also noted that the growth of stablecoins and favorable regulations could further fuel Ethereum’s demand.
He stated:
“In the last 30 days, these treasury companies have bought .5% of the entire ETH supply and moved it into Ethereum DeFi smart contracts (via staking or lending). Remember, unlike the ETFs, these companies don’t sell. They only buy (at least for now). This is going to create a supply shock for ETH over the coming months, there’s really no way around it.”
