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In a First for the Industry, SharpLink Buys Almost 75,000 Ethereum. Here's Why Investors Should Take Note.

SharpLink funded its Ethereum purchases by issuing equity. It recently raised about 425millionthroughaprivateinvestmentinpublicequity(PIPE)fundinground,aswellasanadditional425 million through a private investment in public equity (PIPE) funding round, as well as an additional 64 million in at-the-market (ATM) sales. SharpLink has already staked almost all of its holdings and plans to reinvest those gains. Staking not only generates yield but also contributes to the health of the Ethereum ecosystem. Institutional accumulation is helping to drive an Ethereum rally. Ethereum (ETH -1.31%) is on ...