Ether treasury Sharplink bought $62.4M ETH last week
Cointelegraph 2026-06-29 02:43:44
Context: Sharplink, a company with an Ether treasury, resumed its accumulation strategy after an eight-month pause, purchasing a significant amount of Ether last week. The transactions took place over a short period, with the company buying nearly 40,000 ETH. This move has garnered attention as it signals a potential shift in the company's investment approach.
Key Facts
- Sharplink purchased nearly 40,000 ETH over a three-day period, amounting to $62.4 million, after an eight-month pause in its Ether accumulation strategy.
- The company's Ether purchases were made in a short timeframe, indicating a significant and swift investment in the cryptocurrency.
- Sharplink's resumed accumulation strategy is evident in its recent transactions, which have added to its Ether treasury.
- The $62.4 million investment in ETH suggests that Sharplink is committed to its new approach, potentially signaling a long-term bullish stance on the cryptocurrency.