SharpLink Gaming to Issue $5 Billion in New Stock; Continues Additional Ethereum Purchases
Suehyeon Lee
Summary
- SharpLink Gaming announced that it has applied to issue $5 billion in new common stock to fund its additional Ethereum purchases.
- With this capital increase plan, the total stock issuance has expanded to $6 billion, and it was reported that $720.8 million worth have already been sold.
- SharpLink Gaming has secured a total of 358,000 ETH to date, and the average purchase price is reported to be around $2,825.
SharpLink Gaming, which has adopted Ethereum (ETH) as a strategic reserve asset, is moving to accelerate additional purchases of Ethereum.
According to Bitcoin.com on the 19th (local time), SharpLink Gaming has applied to issue $5 billion in new common stock to fund further purchases of Ethereum.
With this capital increase plan, the total stock issuance of SharpLink Gaming has expanded to $6 billion. Of this, $720.8 million worth of shares have already been sold.
Meanwhile, according to EmberCN, SharpLink Gaming acquired an additional 4,904 ETH (about $17.45 million) via Coinbase Prime two hours ago. To date, it has secured a total of 358,000 ETH, with the average purchase price estimated at around $2,825.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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