“The FIRM SAID IT BOUGHT 143,593 Ether Last Week, Bringing Total Holdings to 740,760 TKENS.”, – WRITE: www.coindesk.com
To Finance The Purchases, Sharplink Raised $ 537 Million in Net Proceeds Durying The Week Ended Aug. 15. The Company Secured $ 390 Million Through A Registered Direct Offering that Closed Aug. 11, and An Additional $ 146.5 Million Via It-The-Market Issuance Program.
The FIRM REPORTED AN AVERAGE ETH PURCHASE PRICE OF $ 4.648 for Last Week’s Acquisitions. That’s roughly 8% Higher than the asset’s Current Price After the Crypto Market Slid Over The Past Few Days, with Eth Dropsing Below $ 4,300.
As of Sunday, Sharplink Held 740,760 ETH, WORTH $ 3.18 Billion at Current Prices.
The minneapolis-Based FIRM HAS PURSUED an aggressive Digital Asset Treasury Strategy Since ITS LATE MAY PIVOT, RAISING FUNS TO ACCUMUATE ETH AND STAKING. EVEN SO, ITS ACQUISION PACE Trails Competitor Bitmin Immersion Technologies (BMNR), Which Has More Than 1.5 Million Tokens, Roughly Twice As Many As Sharplink.
The Company It Still Had More Than $ 84 Million in Cash to DEPLY FOR FUTURE ETH PURCHASES.
Read More: Bitmine Immersion’s Ether Holdings Top $ 6.6b, Stock Slides 7% Alongside Eth’s Tumble
X Icon
The New Group’s Offers Will Cover Centralized and Decentralized Exchange Infrastructure, Real-World Asset Tokenization, Staking, and Decentralized Finance.
- Polkadot Capital Group Aims to Connect Institutional Investors with The Polkadot Network’s Blockchain Infrastructure.
- Led by David Sedacca, The Group Will Offer Data-Driven Insights, Resources, and EcoSystem Engagemen to Asset Managers, Banks, and Allocators.
- Initiats Include Rwa Tokenization, Staking, Defi, and Both Centralized and Decentralized Exchange Technologies.
Read Full Story