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- ✈️ Gate Square | Gate Travel Sharing Event is Ongoing!
Post with #Gate Travel Sharing Ambassadors# on Square and win exclusive travel goodies! 💡
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1️⃣ Post on Square with the hashtag #Gate Travel Sharing Ambassadors#
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#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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SharpLink Gaming purchased an additional 30 million USD ETH for staking.
The betting marketing company based in Minneapolis – SharpLink Gaming, which has now converted into an Ethereum holding company, has just announced that it has purchased over 30 million USD worth of ETH for its treasury.
According to the announcement on Tuesday, this public company purchased 12,207 ETH at an average price of 2,513 USD during the period from June 16 to June 20, raising their total holdings to 188,478 ETH, equivalent to approximately 461 million USD at current prices.
The SBET stock of the company has increased by more than 11% today, reaching a level of 10.02 USD, although it has still decreased by 72% over the past month – the main reason being the recent sell-off following a new S-3 filing. Mr. Lubin asserts that this filing has been "misinterpreted" by the market.
Some investors seem to have understood that major shareholders are dumping shares, a claim that Mr. Lubin denies. A similar company, Upexi, which is listed and holds a treasury in Solana, also plummeted 60% on Monday following a similar SEC filing.
Before the drop, SBET stocks had surged past 90 USD on May 29, according to data from Yahoo Finance.
SharpLink first announced plans to build an Ethereum treasury in May, with a fundraising of 425 million USD through private investment in the public company (PIPE) to buy and hold ETH – the second largest cryptocurrency by market capitalization.
Unlike popular treasury companies like Michael Saylor's Strategy that only hoard Bitcoin, SharpLink actively stakes ETH and participates in decentralized finance protocols (DeFi) to generate yields.
As of June 20, the company announced that it has staked 100% of its ETH, earning 120 ETH in rewards, equivalent to an ETH growth of 18.97% per share.
The price of ETH is currently trading around 2,444 USD, up 6% in the last 24 hours after Iran and Israel reached a ceasefire agreement – although it is still lower than SharpLink's average purchase price.
Thạch Sanh