Sharplink continued its aggressive ether accumulation, adding an additional 15,822 ETH, worth around 53.9 million dollars, in the last hours, according to Onchain data.
Purchases were divided on several transactions, the largest transfer totaling 6,914 ether (ETH), estimated at $ 23.56 million, according to data from Arkham Intelligence.
The new transport carries the Total ETH ashs of Sharplink to 480,031 ETH, worth around 1.65 billion dollars at current prices. The purchase frenzy continued in the last 48 hours, during which the company spent $ 108.57 million in USDC to acquire 30,755 ETH at an average price of $ 3,530.
On Thursday, Sharplink also spent $ 43.09 million USDC (USDC) to buy 11,259 ETH at an average price of $ 3,828, according to ONCHAIN data.
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The Ether machine buys $ 57 million in Eth
Last week, the Ether machine added 15,000 ETH to its treasure when purchasing $ 56.9 million. The acquisition, made at an average price of $ 3,809 per ETH, coincided with the 10th anniversary of Ethereum.
With the last blow, the assets of the ether of the machine reach 334,757 ETH, exceeding 234,000 ETH from the Ethereum Foundation. The company is now classified as the third company ETH holder, behind only Bitmine and Sharplink, according to StrategiceTheerve.
Trained earlier this year thanks to a merger with Dynamix Corp., listed in Nasdaq, Ether machine targets an increase of $ 1.6 billion and plans to become a public under the Ticker Ethm later this year.
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Societies bet Grand Sur Ethereum as treasure
Companies accelerate their ether purchases, considering the network as an essential infrastructure for the digital economy, according to the CEO of Ray Youssef sockets.
Youssef described Ethereum as a “hybrid between technological equity and digital currency”, more and more attractive for the Treasury Stratèges focused on utility, not just passive storage.
Youssef said that ETH’s regulatory yield, programmability and alignment attract prospective companies. Ethereum is currently hosting the majority of token and floors assets, dominating 58.1% of the active world market of real world of $ 13.4 billion.
With its growing domination and business use cases, Ethereum quickly becomes the reserve currency of choice for companies operating in Tokenized funding.
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