Sharplink Gaming (Sbet)The ether mentioned by Nasdaq (Eth) The Treasury signing led by Ethereum’s co -founder, Joe Lubin, said he bought 143,593 ETH until last week, which brought total holdings above $ 3 billion.
To finance purchases, Sharplink raised $ 537 million in net revenues during the week that ended on August 15. The company obtained $ 390 million through a registered direct offer that closed on August 11, and $ 146.5 million through its market issuance program.
The firm reported an average ETH purchase price of $ 4,648 for last week’s acquisitions. That is approximately 8% higher than the current price of the asset after the crypto market slid in recent days, with ETH falling below $ 4,300.
Until Sunday, Sharplink had 740,760 ETH, for a value of $ 3.18 billion at current prices.
The Minneapolis -based company has carried out an aggressive digital assets treasury strategy since its end of May, collecting funds to accumulate ETH and bet on tokens in exchange for rewards. Even so, its acquired rhythm rhythm competitor Bitmine Immersion Technologies (BMNR)which has more than 1.5 million tokens, approximately twice as a Sharplink.
The company said it still had more than $ 84 million in cash to deploy for future ETH purchases.
Read more: Bitmine Immersion ether holdings are $ 6.6b, they slide through 7% shares along with the fall of ETH
