Sharplink disclosed that 10,000 ETHs were purchased last week at a cost of about $16 million. This is the first time since last October that the company has been growing the Ether House again. The purchase took place at a time when ETH continued to fall, with market prices falling by more than 68 per cent over historical highs.

The holding warehouse went up to 8867,000 ETHs.

Sharplink currently holds 886,725 ETH, based on company disclosure data, estimated at approximately US$1,562 on Tuesdays, with a holding value of approximately US$ 1,380 million.

Joseph Chalom, the company's chief executive officer, stated that Sharplink's funding allocation principles were clear, and that all financing decisions revolved around the long-term goal of increasing “ETH holdings per share”.

$75 million in financing completed

Prior to this increase, Sharplink completed a $75 million registered direct-sale financing last week. Chalom states that the funds supported the company ' s continued implementation of an active ETH Treasury management strategy.

This means that Sharplink does not currently shrink its configuration because of the recent weakness of ETH, but rather continues to maintain its treasury strategy, with its Taifung at its core, by refinancing it.

Continue to expand Ether's layout

In addition to holding direct currency, Sharplink has been promoting other arrangements related to the Etherak ecology in the near future. Last week, the company supported the establishment of Ethlabs together with another company, Bitmine Immersion Technologies. The Agency is a new, not-for-profit R & D organization whose objective is to promote the development of the ETA network and its primary assets.

Last month, Sharplink also announced the establishment of a $125 million fund in partnership with Galaxy Research, which plans to take advantage of the chain.

According to the latest actions, Sharplink's focus is not only on the continued growth of ETH, but also on the simultaneous expansion of research, finance and revenue around the Ether Workshop.

Additional information:The ETH historical height mentioned in the text is US$ 4,946. According to the data quoted in Decrypt, the current price is more than 68 per cent below that level, with a decline of about 22 per cent in the last month.