Company Known as Ethereum’s MicroStrategy Purchased Another Large Amount of ETH Today

According to on-chain data, SharpLink, which attracts attention with its Ethereum investment strategies, sent 108 million $USDC to Galaxy Digital and purchased 14,933 $ETH in the last 7 hours.

The average price of the purchase was $3,550, which corresponds to an amount of approximately $53 million.

SharpLink then transferred 55.56 million $USDC back to Galaxy Digital and continued its Ethereum purchases. This began to resemble the company's $ETH accumulation strategy, similar to MicroStrategy, known for its aggressive Bitcoin acquisitions.

SharpLink, which has been accumulating Ethereum since the beginning of June, has purchased a total of 464,000 $ETH to date. The total value of these assets reaches approximately $1.62 billion, with an average entry price of $3,029. The company's current $ETH position represents approximately $214 million in unrealized profit.

SharpLink was founded by Joseph Lubin, one of the Ethereum co-founders, and aims to be the MicroStrategy of the $ETH world.

*This is not investment advice.