Purchase of hundreds of millions of dollars worth of Bitcoin and Ether from two crypto companies

Institutional companies continue to make significant cryptocurrency purchases. Today, KindlyMD and SharpLink companies announced purchases of over 600 million dollars in Bitcoin and Ether.

SharpLink Gaming announced last week that it purchased 143,593 ETH. The average purchase price was $4,648. The company paid a total of $667 million for the ETH purchases. The total amount of Ether held by SharpLink has reached 740,760.

The company still has 84 million dollars in cash waiting to acquire Ether. On the other hand, SharpLink has earned 1388 ETH from staking rewards so far.

Bailey's target is 1 million BTC...

KindlyMD, which was merged with the Nakamoto company founded by David Baliey and primarily operates in the health sector, announced the purchase of 5743 BTC. The company paid 679 million dollars for the purchases. The average purchase price was 118,200 dollars. With this purchase, the total number of Bitcoins held by KindlyMD reached 5764. The company had taken its first step by purchasing 21 BTC.

The long-term goal of this company, which is also listed on Nasdaq, is to own a total of 1 million Bitcoins...

Bailey, who is also the head of BTC Inc, the company behind Bitcoin Magazine, has stated many times that he wants to establish a massive Bitcoin treasury on an institutional scale.

Published: August 19, 2025 15:45 Last Updated: August 19, 2025 15:54