đš SharpLink Strengthens Ethereum Treasury Beyond $3.7B
đą SharpLink has made another strategic move in Ethereum, purchasing 56,533 $ETH using proceeds from a $360.9M At-the-Market facility. This brings their ETH treasury to over $3.7B, making them one of the largest corporate holders of Ethereum.
đ Key Highlights:
â«ïž Staking rewards: 1,799 $ETH , reflecting additional proof-of-stake network returns
â«ïž Cash reserves: ~$200M available for future acquisitions
â«ïž $ETH Concentration: >4.00 (per 1,000 diluted shares), more than double since June
â«ïž Board-approved buyback plan: $1.5B, signaling strong shareholder confidence
đ This move underscores how corporations are increasingly leveraging digital assets for growth, staking rewards, and treasury diversification. SharpLink joins peers like BitMine in driving institutional adoption of Ethereum.
đĄ Takeaway: Corporate Ethereum accumulation, combined with staking and buybacks, highlights the growing intersection of traditional finance and digital assets.
#Ethereum #Blockchain #Crypto #TreasuryManagement #SharpLink
https://coingape.com/sharplinks-ethereum-treasury-tops-3-7b/?utm_source=bnb&utm_medium=coingape