1 week ago
SharpLink Gaming (SBET), a Nasdaq-listed ether treasury firm, said it has raised $200 cardinal to bargain much ether (ETH) successful anticipation of boosting its holdings to much than $2 cardinal worthy of the second-largest cryptocurrency.
The Minneapolis-based institution entered into a securities acquisition statement with 4 organization investors to rise the superior done a nonstop offering astatine a terms of $19.50 per share, it said successful a statement.
The firm's ether holdings beryllium astatine 521,939 ETH arsenic of its latest purchases, worthy conscionable nether $2 cardinal based connected ether's terms of $3,830.65 astatine the clip of writing.
SharpLink shares roseate around 3.3% astatine $22.97 successful the precocious U.S. greeting connected Thursday, pursuing ETH's 4.5% rally implicit 24 hours to reclaim the $3,800 level.
The institution is 1 of a increasing fig to follow an ether treasury strategy, raising funds to accumulate ETH and staking the tokens successful speech for rewards.
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