SharpLink Gaming Boosts Ethereum Treasury to 188,478 ETH With $30M Purchase

Description

SharpLink Gaming (SBET), a publicly-listed gaming tech company with a crypto strategy focused on ether ETH, said Tuesday it increased its treasury holdings of the second-largest cryptocurrency to 188,478 ETH. The Minneapolis-based firm bought 12,207 ETH for some $30.7 million between June 16 and June 20 at an average price of $2,513 per coin, according to a press release . To fund the purchase, SharpLink raised $27.7 million in net proceeds through its at-the-market (ATM) offering, selling over ...