SharpLink Holds $2.1 Billion in Digital Assets, ETH Increases to 895,117
Prefer us on GoogleAs of November 2, SharpLink holds approximately 895,117 ETH, valued at about $2.1 billion according to U.S. GAAP. The company held about 892,708 ETH at the end of the third quarter. On September 28, SharpLink completed a $200 million ETH staking allocation through the decentralized protocol Lido, receiving wstETH in return. The Galaxy SharpLink Onchain Yield Fund began deploying capital in the third quarter, with an initial committed capital of $125 million, of which SharpLink contributed $100 million and Galaxy Digital contributed $25 million. SharpLink also made a strategic equity investment in the Ethereum validation and staking infrastructure company Blockspace.
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