US Sharp Link, approximately 15,000 Ethereum additional purchase

## Additional purchase of ETH

According to on-chain analyst Ember CN, U.S. listed company Sharplink has made a large purchase in the past few hours. It has been revealed that the company deposited 108 million USDC to Galaxy Digital and purchased 14,933 ETH at an average price of $3,550.

Sharp Link has been continuously accumulating Ethereum (ETH) since early June, acquiring a total of 464,000 ETH at an average price of $3,029, with unrealized profits exceeding $200 million.

On the other hand, the American listed company Bitmine Immersion Technologies surpasses in Ethereum holdings. The company currently holds 625,000 ETH and aims to acquire 5% of the total Ethereum supply with its "5% alchemy" strategy.

Bitmain announced on the 29th that it has approved a share buyback program worth up to $1 billion. Chairman Tom Lee explained that the share buyback could bring the highest expected returns on capital during the execution of the Ethereum strategy.

The company's share buyback program is set to be implemented without a specified deadline, through open market and individual transactions. They are deploying a similar approach to Michael Saylor's strategy (formerly MicroStrategy) for Bitcoin financial strategy in Ethereum.

The Ethereum holdings of Bitmine increased from 566,776 ETH on July 25 to 625,000 ETH by the 28th, just three days later. The aggressive accumulation strategies of both companies are being highlighted as a symbol of expanding ETH demand by publicly listed companies.

Ethereum (ETH) News & Price

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