Sharplink Gaming has acquired 21,487 ETH through Galaxy Digital and Coinbase Prime for $64 Million

Sharplink Gaming, a gaming company turned Ethereum treasury, has acquired 21,487 ETH worth $64.24 million through OTC deals with Galaxy Digital and Coinbase Prime. This purchase brings Sharplink’s total ETH holdings to 253,000, with an average purchase price of $2,647. The company’s stock, SBET, has outperformed ETH since the first acquisition, with a 486% increase compared to ETH’s 17% gain.

The recent surge in ETH price, briefly crossing $3,000, has reignited alt season sentiments, with many believing that the altcoin season might be on the way. Sharplink’s acquisition has contributed significantly to the buying pressure around ETH, and the company is now sitting on unrealized profits of over $79 million.

tl;dr:

Ethereum Sharplink Gaming has acquired 21,487 ETH through Galaxy Digital and Coinbase Prime. Sharplink SBET sees massive surge in value with performance outstripping ETH by far. ETH reaching $3k has reignited positive sentiments around alt season.