Sharplink buys USD 54 million at ETH, Holdings reach USD 1.65 billion

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Sharplink continued aggressive accumulation of ether, adding another 15,822 ETH worth about $ 53.9 million, according to Onchain in the last few hours.

Shopping has been divided into many transactions, with the largest single transfer of Ether (ETH), worth USD 23.56 million, According to For data from Arkham Intelligence.

The fresh Haul increases the total ETH Sharplink resources to 480 031 ETH with a value of approximately $ 1.65 billion at current prices. Over the past 48 hours, shopping has been going on in the last 48 hours, during which the company has spent USD 108.57 million at USDC for the purchase of 30,755 ETH at an average price of USD 3530.

On Thursday, Sharplink also spent 43.09 million USD (USDC) on the purchase of $ 11,259 at an average price of USD 3,828, according to Onchain data.

Sharplink buys more ETH. Source: Lookonchain

Related: Eth recovery is ahead of bitcoins despite continuous sales for $ 4,000: here is why

The ether machine buys USD 57 million at ETH

Last week, Ether Machine added 15,000 ETH to her Treasury when buying $ 56.9 million. The takeover, made at an average price of ETH 3,809 for ETH, coincided with the 10th anniversary of Ethereum.

Along with the latest movement, Ether Machine resources grow to 334 757 ETH, exceeding 234,000 ETH Ethereum Foundation. According to Strateicthreserve, the company currently occupies the third largest corporate ETH owner for Bitmine and Sharplink.

Established at the beginning of this year, thanks to the connection with NASDAQ Dynamix Corp., Ether Machine aims to enhance $ 1.6 billion and plans to make it public for ETHM this year.

Related: Ethereum 2035: What can the next 10 years look like

Corporations put enormous on Ethereum as the State Treasury

Corporations accelerate ether purchases, perceive the network as an necessary infrastructure for the digital economy, according to the general director of Noess Ray Youssef.

Youssef described Ethereum as a “hybrid between technological capital and the digital currency,” increasingly attractive for tax strategists focusing on utility, not just passive memory.

Youssef said Eth that efficiency, programming and regulatory equalization attract future companies. Ethereum is currently the host of most tokenized assets and Stablecouins, which means 58.1% of the assets market in the real world of $ 13.4 billion.

Thanks to the growing dominance and cases of apply of the Ethereum company, it quickly becomes a reserve currency for companies operating in toxhenized finances.

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