US-based SharpLink has signaled an intention to make Ethereum (ETH) the main asset in its company treasury. To fund the ETH accumulation play, SharpLink has secured capital via the sale of its common stock to a raft of investors. SharpLink Gaming To Aggressively Acquire Ethereum SharpLink has confirmed plans to adopt an Ethereum Treasury Strategy, raising capital to fund new ETH purchases. According to a press release, SharpLink has raised $425 million through a private placement of its shares, tapping a group of venture capital firms. Per the announcement, the US-based SharpLink signed a security purchase agreement, effectively selling 69,100,313 shares of its common stock. The agreement sees Consensys Software play the role of lead investor with ParaFi Capital, Pantera Capital, and Galaxy Digital participating in the private investment in public equity (PIPE). SharpLink says it will use the funds to explore an Ethereum Treasury Strategy, using ETH as its… Read More at Coingape.com
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