The actions of the Sharplink sports marketing company (SBET) increased by 412% on Tuesday after announcing its intention to create an Ethereum
The reserve strategy of the Treasury with involvement of the co-founder of the blockchain, Joseph Lubin.
The company based in Minneapolis, founded in 1995, is currently negotiating at $ 34.45, against $ 7 on Friday, with a market capitalization of 23 million dollars.
The company collects around $ 425 million, but a private investment offer in equity (PIP). The product will be used to buy ether, which will then serve the main reserve asset of the Treasury.
The developer of Ethereum Consensys software, which was also co -founded by Lubin, was the main investor with a more in -depth participation of Pantera Capital, Galaxy Digital and Ondo, among the smallest names.
The offer should close on May 29, according to the press release. Lubin will become chairman of the board of directors after the closure.
Sharplink joins an increasing number of microcap companies trying to imitate the success of the strategy (MSTR), the first company to adopt a bitcoin
Treasury strategy, resulting in an increase of more than 3,000% of its action in the past five years.
In this sense, Trump Media & Technology Group (DJT) on Tuesday morning announced a capital increase of $ 2.5 billion to start a Bitcoin cash strategy.
