PANews reported on August 5th that SharpLink (SBET)'s latest announcement revealed that the company currently holds 521,939 Ethereum (ETH). Between July 28th and August 3rd, SharpLink purchased 83,561 ETH for a total of $264.5 million, at an average purchase price of $3,634. The amount of ETH held per share ("ETH concentration") has increased from 3.40 last week to 3.66, an 83% increase since the strategy was launched on June 2nd. Currently, all of SharpLink's ETH holdings are staked, earning a total of 929 ETH in staking rewards.