SharpLink Acquired 77K More ETH, Boosting Holdings Over $1.6B

19 hours ago

SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury steadfast helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, unveiled connected Tuesday that its ether (ETH) holdings accrued to 438,190 tokens, worthy astir $1.68 cardinal astatine existent prices

The institution bought 77,209 ether (ETH), oregon $297 million, done the week ending connected July 27. It has besides raised $279 cardinal by selling shares, tapping at-the-market equity facility.

Shares are little by different 7% today, present trading astatine $19.46 versus its 52-week precocious of $124 reached conscionable 2 weeks ago, but inactive

The Minneapolis-based steadfast has pursued an assertive treasury strategy since its precocious May pivot, raising funds to accumulate the second-largest cryptocurrency and staking the tokens successful speech for rewards. The steadfast said it has earned 722 ETH since then,

The steadfast precocious appointed erstwhile BlackRock enforcement Joseph Chalom arsenic co-CEO.

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