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Sharpink Gaming (SBET), a publicly mentioned game technology company with a crypt strategy focused on Ether
He said on Tuesday, raised his cash registers the second largest cryptocurrencies to 188 478 ETH.
The company based in Minneapolis bought between June 16 and June 20, 12 207 ETH for approximately $ 30.7 million at an average price of $ 2,513 per coin, According to the press release.
To finance the Sharpink purchase, he received a net yield of $ 27.7 million through the AT-the-Market (ATM) offer and sold more than 2.5 million shares.
Sharpink in one of the growing groups of public companies that recently turned to add cryptocurrencies to her balance sheet, after the book Strategy focused on Bitcoins Michael Saylor (MSTR).
The last step follows the $ 450 million fundraising round at the beginning of this month through a private round from a wide range of investors, including Consensys, Galaxy and Panttera Capital, to buy ETH. Co -founder Ethereum and CEO of Consensys Joseph Lubin also joined the company as Chairman of the Board of Directors. The company now claims that the praise right to be the largest publicly traded holder of Ether globally with approximately $ 470 million at ETH at current prices.
Since the start of her strategy, the ETH strategy strategy has stated that it has bet all its cryptovs, which received 120 ETH in rewards. The company also showed an almost 19% increase in ETH per share during this range.
“This step reflects our confidence in Ethereum’s usefulness and our commitment to examine transformation technologies that can unlock a new value for our business and shareholders,” Lubin said in a statement.
Read more: Sharpink earns $ 463 million in Ether, shares remain 66% lower
