US online gaming company SharpLink has once again purchased 12,207 ETH at a price of 30.7 million USD, bringing the company's total ETH holdings to 188,478 ETH, making it the world's largest Ethercoin reserve-listed company and the second largest ETH holder after the Ethereum Foundation. However, the shadow of dumping still looms over SharpLink. After a big dump of 70% last week, SBET only rose by 7% yesterday. Whether confidence will return to long-term investors still requires proof of time.
SharpLink issuing new shares to buy ETH
SharpLink announced at the end of May that it is entering into a strategic reserve of (ETH) Ethereum, and announced on 6/13 that it has bought a total of 176,270.69 ETH, spending a total of 460 million US dollars, becoming the world's largest Ether holder in one go.