Sharplink Gaming (Sbet)An Ether Treasury firm that is quoted in Nasdaq, said it has raised $ 200 million to buy more ether (Eth) with the expectation of increasing their participations to more than $ 2 billion in the second largest cryptocurrency.
The Minneapolis -based company held a securities purchase agreement with four institutional investors to increase capital through a direct offer at a price of $ 19.50 per share, he said in a statement.
The firm’s ether holdings are at 521,939 ETH from its last purchases, with a value of just under $ 2 billion depending on the price of Ether of $ 3,830.65 at the time of writing.
Sharplink shares increased around 3.3% to $ 22.97 at the end of the United States on Thursday, after 4.5% ETH recovery for 24 hours to recover the level of $ 3,800.
The company is a growing number to adopt an ether treasury strategy, collecting funds to accumulate ETH and bet on tokens in exchange for rewards.
