Sharplink Gaming (SBET), a game technology company listed on the stock market with an ether cryptographic strategy
said on Tuesday that he had increased his assets of the Treasury of the second largest cryptocurrency to 188,478 ETH.
The company based in Minneapolis bought 12,207 ETH for some $ 30.7 million between June 16 and 20 at an average price of $ 2,513 per room, according to a press release.
To finance the purchase, Sharplink raised 27.7 million dollars in net product thanks to its market offer (ATM), selling more than 2.5 million shares.
Sharplink in one of the growing groups of public enterprises that recently pivoted to add cryptocurrencies to their balance sheets, according to the Bitcoin Bitcoin game book by Michael Saylor (MSTR).
The latest move follows a round of fundraising of 450 million dollars earlier this month thanks to a private round of a wide range of investors, including Consensys, Galaxy and Pantera Capital, to buy ETH. The co -founder of Ethereum and CEO of Consensys, Joseph Lubin, also joined the cabinet as chairman of the board of directors. The company now claims the right to boast of being the largest ether holder on a public scale with some $ 470 million in ETH at current prices.
Since he launched his Eth Treasury strategy, the company said that it had marked all its winning cryptographic stack 120 ETH in awards. The company also reported an increase of almost 19% of the ETH per share during this period.
“This decision reflects our confidence in the usefulness of Ethereum and our commitment to exploring transformative technologies that can unlock a new value for our activities and our shareholders,” said Lubin in a press release.
Read more: Sharplink acquires $ 463 million in ether, shares remain 66% lower
