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#SharplinkAdds10000ETH
⚡ Sharplink just added a lot of Ethereum to its treasury. Now Sharplink holds over 50,000 Ethereum. I think Sharplinks move is very important. What is happening with Ethereum in companies now is really big.. Most people are not paying attention to it.
Sharplink said it added 10,000 Ethereum. This is worth about $17 million. Now Sharplink has than 50,000 Ethereum. What is interesting is that Sharplink used to focus on Bitcoin. Now Sharplink is buying a lot of Ethereum. This is a change for Sharplink.
There is another company called Bitmine. Bitmine holds about 5.42 million Ethereum. This is 4.49% of all Ethereum. Bitmine is still buying Ethereum. Bitmine is also making a lot of money from Ethereum.
Sharplink now has than 50,000 Ethereum. This is a deal. There are companies that are also buying more Ethereum. They are doing this quietly.. It is still a big change.
Lets talk about why thiss important for Ethereums price. There are 120 million Ethereum. When one company holds a lot of Ethereum it means there is Ethereum for other people to buy. This can make Ethereums price go up.
Sharplink bought 10,000 Ethereum at a price. This was a decision. If Ethereums price goes up Sharplink will be happy.. If Ethereums price goes down Sharplink will be sad.
The Ethereum Foundation is also making some changes. They are reducing their staff and budget. This is a time for Ethereum. Companies that are buying Ethereum now are making a bet. They think Ethereum will be very valuable in the future.
Ethereums price is down a lot, from year.. Companies are still buying it. They think this is a time to buy Ethereum.
So what do you think? Will companies buying Ethereum make its price go up?. Is this a warning sign that Ethereums price will not go up soon?
#GateSquare #Ethereum @Gate_Square