SharpLink Gaming is forging ahead with its Ethereum Reserve treasury plans, having closed its private placement deal. The company intends to use the proceeds to buy ETH, while it has also revealed plans to raise up to $1 billion in the future as it looks to become the public company with the largest Ethereum holdings. SharpLink Gaming Closes $425 Million Private Placement Deal In a press release, SharpLink Gaming announced that it has closed the $425 million private placement led by Consensys Software and other investors to help the company implement the largest Ethereum treasury strategy in the public markets. According to a Reuters report, CoinGape had earlier reported the company’s plans to raise $425 million to fund its ETH accumulation strategy. The company effectively sold some of its common stock to raise this sum. Following the close of the deal, Joseph Lubin, the founder and CEO of Consensys, has… Read More at Coingape.com
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