Sharplink Gaming has added 19.271 ETH worth 80.37 million dollars to its reserves.

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Sharplink Gaming has just purchased an additional 19,271 Ether ( worth 80.37 million USD), raising its total holdings to 859,400 ETH (3.6 billion USD), making it second only to BitMine in corporate Ether reserves. According to ACY Securities, this move aligns with Sharplink's previous accumulation model and may be a preparation step for the Ether ETF fund flow or more favorable macro conditions.

The buying wave occurred as the market was concerned about Donald Trump's plan to impose a 155% tax on Chinese goods starting from November 1, causing investors to be cautious. Nevertheless, some funds, including Sharplink, took advantage of the weakness to increase their positions.

Previously, the company raised 76.5 million USD through a stock issuance and signed a 400 million USD investment agreement with five major organizations, demonstrating a strategy that combines reserve expansion, asset diversification, and anticipating market trends.

ETH5.93%
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