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For the first time in eight months, crypto treasury firm Sharplink (NASDAQ: $SBET) has bought Ethereum (CRYPTO: $ETH).
Sharplink bought 5,000 Ethereum worth $7.85 million U.S. on June 25, its first purchase in eight months, according to market data.
While the purchase is small compared to the company's existing Ethereum pile, it is nevertheless being taken as an encouraging sign by crypto bulls.
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