In a First for the Industry, SharpLink Buys Almost 75,000 Ethereum. Here's Why Investors Should Take Note.
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Ethereum (CRYPTO: ETH) is on fire. Its price has risen by 110% during the past three months. One major driver is optimism about the impact of the Genius Act, which sets a framework for stablecoins and is the first piece of crypto legislation to become law in the U.S. Many stablecoins are built on Ethereum's blockchain, and any industry growth could translate to more activity on its network.Another positive tailwind is that companies are starting to add Ethereum to their corporate treasuries. SharpLink Gaming (NASDAQ: SBET) is leading the way, purchasing 74,656 Ethereum coins between July 7 and July 13, taking its holdings to 280,706 -- worth more than $1 billion at time of writing (July 21). It now holds more of the popular crypto than any other entity in the world, including the Ethereum Foundation.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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