SharpLink buys 30,755 ETH for $108M as new altcoin gains traction

This substantial purchase significantly bolsters SharpLink’s total Ethereum holdings. Consequently, the firm now possesses 480,031 ETH. The total ETH stack is now valued at $1.65 billion. Simultaneously, a specific ETH-based altcoin project, Mutuum Finance (MUTM) , is capturing significant investor attention during its ongoing presale. SharpLink’s strategic Ethereum bet SharpLink Gaming is actively mirroring successful Bitcoin treasury strategies. The company is firmly committed to Ethereum instead. This latest purchase, averaging $3,530 per token, involved using USDC over two days. Moreover, SharpLink appointed Joseph Chalom, formerly of BlackRock’s digital assets division, as Co-CEO in late July. This leadership move signals deep expertise guiding its crypto investment strategy. Consequently, SharpLink has positioned itself among the largest corporate holders of Ethereum globally. Overall, corporate ETH holdings now exceed 2.74 million tokens, worth $9.71 billion, indicating strong institutional crypto investment interest. Despite SharpLink’s stock (SBET) rising 35% monthly and 112% year-to-date, some analysts caution about its premium valuation. They suggest direct ETH exposure or crypto ETF products might offer clearer value propositions for investors monitoring crypto prices. Mutuum Finance presale momentum builds Mutuum Finance (MUTM) presale momentum continues accelerating impressively. Phase 6 is currently underway and selling out rapidly. Investors have already contributed over $14,100,000 since the presale began. Furthermore, participants have snapped up more than 665 million MUTM tokens. Total MUTM holders now stand at 14,800. The current price per token in this phase is $0.035. This represents a substantial 250% increase, or 3.5 times, the opening phase price of $0.01. The opportunity to acquire tokens at this level is diminishing quickly. Phase 7 will commence shortly, introducing a 14.3% price hike to $0.04. Mutuum Finance (MUTM) will launch officially at $0.06. Purchasing now, therefore, guarantees a minimum 71% return on investment. Future crypto predictions suggest significantly higher potential gains post-launch. Some analysts forecast targets reaching $1.50 or beyond based on platform adoption. Robust security underpins Mutuum Finance Security remains paramount for Mutuum Finance (MUTM). The project has successfully finalized its CertiK smart contract audit. CertiK awarded Mutuum Finance (MUTM) an outstanding security score of 95.00. This result confirms a solid security posture for the platform. Importantly, auditors found zero vulnerabilities within the examined smart contract code. Furthermore, no security incidents have occurred during the past 90 days. To enhance security further, Mutuum Finance has partnered with CertiK again. They launched an official Bug Bounty Program. A substantial $50,000 USDT reward pool is available for ethical hackers. Rewards are tiered based on vulnerability severity: Critical findings: Highest rewards Major, minor, and low findings: Proportionate rewards This proactive approach incentivizes thorough scrutiny and strengthens the protocol continuously. Major giveaway fuels community excitement Mutuum Finance (MUTM) is celebrating its presale progress enthusiastically. The team announced its largest giveaway ever. Participants stand to win a share of $100,000 in MUTM tokens. Ten fortunate winners will each receive $10,000 worth of tokens. Participation involves straightforward steps: Submit a valid wallet address for potential prize receipt. Complete all required quests meticulously. Confirm eligibility through a minimum $50 investment in the Mutuum Finance presale. This initiative significantly boosts community engagement and participation. Additionally, Mutuum Finance (MUTM) introduced a dynamic dashboard featuring a leaderboard. The top 50 token holders will receive bonus token rewards. This system incentivizes holding and strengthens long-term commitment among major supporters. Final thoughts SharpLink’s massive Ethereum acquisition underscores a strong institutional belief in ETH’s value. Concurrently, Mutuum Finance (MUTM) offers a timely presale opportunity within this growing altcoin segment. With its current price at $0.035 in Phase 6, the guaranteed 71% ROI at launch and strong post-launch crypto predictions present a compelling case. Explore the Mutuum Finance (MUTM) presale details today. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post SharpLink buys 30,755 ETH for $108M as new altcoin gains traction appeared first on Invezz