Summary
- SharpLink Gaming announced that it is strategically stockpiling Ethereum and pursuing a $425 million private placement.
- The company reported plans to make Ethereum a major financial asset.
- CEO Rob Phythian stated that this strategy will be an important milestone in expanding SharpLink's business.
Nasdaq-listed online technology company SharpLink Gaming (SBET) is set to strategically stockpile Ethereum (ETH).
According to GlobeNewswire on the 27th (local time), SharpLink Gaming announced in a press release, "We are pursuing a $425 million private placement for strategic Ethereum stockpiling," and "Ethereum will become a major financial asset for our company in the future."
Rob Phythian, CEO of SharpLink, expressed his anticipation, stating, "This announcement is a very important milestone in expanding SharpLink's business."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
