“The FIRM SAID IT HAS ROUGHLY $ 200 MILLION IN UNTAPPED CASH FOR FURTHER ETH ACQUISIONS.”, – WRITE: www.coindesk.com
The Purchases, Made Between Aug. 18 and aug. 24, Awed $ 4,462 per ETH, accounting to a tuesday press release. Sharplink Also Reported Staking Rewards Had Risen to 1.799 Eth Since the FIRM LAUNCHED ITS Treasury Strategy in June.
The minneapolis-bassed company also disconded in the update that it raised $ 360.9 Million in Net Proceeds Last Week Through Its at-The-Market (ATM) Share Issuance Program. There’s About $ 200 Million in Cash Still Available for Further Eth Acquisitions, The Firm Said.
SBet Rose 1.1% in the Early Minutes of the Session.
Ether Treasury Firms Are on a Buying Spree, Scooping Up 2.6% of the Asset’s Supply Over the Past Few MONTHS, Accounting To a Standard Charterrened Report, and Pushing Eth’s Price To -To Af. Bitmin immersion technologies (bMnr), Led by Fundstrat’s Tom Lee, is Leading the Pack by Accumulating Nearly 1.7 Million Eth, Followed by Sharplink’s 800,000 TKENS.
Along with The Recent PullBack in Crypto Prices, Digital Asset Treasury Stocks Also Declined. Last Week, Sharplink Approved A $ 1.5 Billion Stock Buack Program in Case The Stock Falls to or Below The Underlying Net Asset Value.
Geoff Kendrick, Head of Research at Global Bank Standard Charterred, SAID THAT Ether and Eth-Focused Treasury Firms Are Undervalured Following the Sell-Off, Reiterting A $ 7,500
Read More: Ether and Eth Treasury Companies Look Undervalued After Plunge: Standard Charter
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Trump Media Will Buy $ 105 Million in Cro Tokens While Crypto.com Takes $ 50 Million in DJT Stock As Part of A Partnership that Makes the Cronos Token Central to Truth Social.
- Trump Media is integration crypto.com’s Wallet Infrastructure and Adopting Cro As A Utility Token for Truth Social Rewards and Subscripts.
- The Companies Will Exchange Investments: Trump Media Buys $ 105 Million in Cro (~ 2% of Supple), While Crypto.com Acquires $ 50 Million in Djt Shares.
- A New Vehicle, Trump Media Group Cro Strategy Inc., Plans to Merge with Spaac Yorkville Acquisition Corp. and Trade as “McGa,” Aiming to Become The World’s Largest Cro Holder.
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