Sharplink Gaming (SBET), a game technology company that quotes in the stock market with a cryptographic strategy focused on Ether
He said Tuesday that he increased his treasure holdings of the second largest cryptocurrency to 188,478 ETH.
The company based in Minneapolis bought 12,207 ETH for about $ 30.7 million between June 16 and 20 at an average price of $ 2,513 per currency, according to a press release.
To finance the purchase, Sharplink raised $ 27.7 million in net income through its market offer (ATM), selling more than 2.5 million shares.
Sharplink in one of the growing groups of public companies that recently turned to add cryptocurrencies to their balances, following the strategy book (MSTR) focused on Bitcoin (MSTR) by Michael Saylor.
The last movement follows a fund collection round of $ 450 million earlier this month through a private round of a wide range of investors, including consensys, galaxy and capital panther, to buy ETH. The co -founder and CEO of Ethereum, Joseph Lubin, also joined the firm as president of the Board. The firm now affirms the right to blush to be the largest head of Ether who is publicly negotiated worldwide with about $ 470 million in ETH at current prices.
Since he launched its Treasury ETH strategy, the company said it has rethink all its cryptographic that gain 120 ETH in rewards. The company also reported an increase of almost 19% in ETH per share during that period.
“This movement reflects our confidence in the usefulness of Ethereum and our commitment to explore transformative technologies that can unlock a new value for our businesses and shareholders, equally,” Lubin said in a statement.
Read more: Sharplink acquires $ 463 million in ether, the shares are still 66% lower
