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SharpLink Gaming buys $46.7 million more Ethereum

SharpLink Gaming bought about $46.7 million more of Ethereum, adding 29,195.83 ETH from Galaxy Digital at an average price of $1,599.50 each. The purchase lifted its on-chain Ethereum holdings above 202,000 ETH, valued at about $342 million at current prices. The company is adopting a treasury strategy that treats cryptocurrency as a core reserve asset and emphasises staking. The timing and risks tied to Ethereum price volatility are also highlighted.