Sharplink Gaming (SBET), a gaming technology company listed in the public list with an ether focus strategy
He said on Tuesday that it had increased the cabinet holdings from the second largest encrypted currency to 188478 eth.
The company, which is based in Minneapolis, bought 12,207 ETH for about $ 30.7 million between June 16 and June 20, with an average price of $ 2,513 per currency, According to a press statement.
To finance the purchase, Sharplink raised $ 27.7 million of net revenue through its market supply (ATM), with more than 2.5 million shares sold.
Sharplink in one of the growing group of public companies that have recently motivated the addition of cryptocurrencies to their public budgets, following the PlayBook book for the Michael Saylor strategy that focuses on Bitcoin (MSTR).
This last step follows a 450 million dollar donation tour of this month through a special round of a wide range of investors, including Consensys, Galaxy and Pantera Capital, to buy ETH. Joseph Lubin, CEO of ETHEREUM and CEO of Consensys, joined the company as Chairman of the Board of Directors. The company now claims that the proud right to be the largest public trading holder in the world with about $ 470 million of ETH at current prices.
Since the launch of the ETH Treasury strategy, the company has said it has collected all Crypto Stack that earns 120 Eth in rewards. The company also reported a 19 % increase in ETH per share during that period.
“This step reflects our confidence in the benefit of ETAREUM and our commitment to exploring transformational technologies that can open a new value for our business and shareholders alike,” Le Pen said in a statement.
Read more: Sharplink gets $ 463 million in ether, and stocks remain 66 % less
publish_date
