SharpLink Gaming (SBET), the Nasdaq-listed ether (ETH) treasury firm led by Ethereum co-founder Joe Lubin, said it bought 143,593 ETH through last week, bringing total holdings above $3 billion.

To finance the purchases, SharpLink raised $537 million in net proceeds during the week ended Aug. 15. The company secured $390 million through a registered direct offering that closed Aug. 11, and an additional $146.5 million via its at-the-market issuance program.

The firm reported an average ETH purchase price of $4,648 for last week's acquisitions. That's roughly 8% higher than the asset's current price after the crypto market slid over the past few days, with ETH dropping below $4,300.

As of Sunday, SharpLink held 740,760 ETH, worth $3.18 billion at current prices.

The Minneapolis-based fi

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