According to a statement on August 26th, Sharplink, a company focused on Ethereum, continues to accumulate aggressive ETH.
The company said it acquired 56,533 ETH with an average cost of $4,462 using $360.9 million raised through its market issuance program in the week ending August 24th.
These purchases have increased Sharplink’s total holdings to 797,704 ETH, with a market value of approximately $3.7 billion. Sharplink is Ethereum’s second largest corporate holder behind Thomas Lee’s Bitmine alone.
Since launching the Treasury initiative in June, Sharplink has won 1,799 ETH to secure compensation and has won about $200 million in cash for future acquisitions.
Sharplink co-CEO Joseph Chalom described the purchase as evidence of Sharplink’s discipline in implementing its Ethereum-centric vision, highlighting its still commitment to building shareholder value while supporting the growth of its wider network.
Following the news, Sharplink shares rose 3.31% to around $20, according to data from Google Finance.
Leading plan
Sharplink has filed with the US Securities and Exchange Commission (SEC) to register 3 million additional shares related to the Induction Arbitration Program.
The program was first approved by the board of directors on August 19th, allowing the company to issue shares to new or re-employed employees as part of the compensation package.
According to the submission, the induction plan applies only to individuals who start a new role or return to the company after confirmation of service has been confirmed.
Eligible awards may include restricted stocks, share units, or options, but each must be granted upon employment and as a meaningful factor in your decision to join Sharplink.
By linking employment offers to inventory incentives, Sharplink aims to compete more effectively with skilled workers while reducing cash-based costs. The move also strengthens its strategy of matching employee compensation to long-term shareholder value.
Meanwhile, plan managers will rest along with the compensation committee or other independent board members.
