SHARPLINK GAMING ADDS 24,371 $ETH WORTH $73.2M VIA COINBASE PRIME

- On Monday, the Nasdaq-listed firm, @SharpLinkGaming, acquired 24,371 $ETH—worth roughly $73.2 million—via Coinbase Prime, according to on-chain data from Arkham Intelligence.

- The transfer brings SharpLink’s four-day buying spree to 62,232 $ETH, valued at over $186 million. These buys include:

– 21,487 $ETH on Friday
– 16,374 $ETH on Sunday
– 24,371 $ETH on Monday

- All $ETH was sourced from Coinbase Prime hot wallets, which also show active flows in SHIB and UNI.

Strategic Treasury Shift:

- SharpLink began aggressively stacking $ETH in late May, following a $425 million private placement led by Consensys. That same week, Ethereum co-founder Joseph Lubin became the company's chairman.

- The firm now reportedly holds around 294,000 $ETH, of which 74,464 $ETH is staked, according to EmberCN.

Bit Digital Follows Suit:

- Bit Digital, another Nasdaq-listed firm, also recently announced plans to raise $67.3 million to buy more ETH.

- The company recently converted its entire Bitcoin treasury into Ethereum and now holds over 100,000 ETH.

- Bit Digital also operates validator infrastructure and started staking $ETH back in 2022.