Sharplink -Gaming has set up an important Ethereum reserve, in which more than 176,000 ETH is acquired at an average price of $ 2,626 per token, according to a rack Released on June 13.
The investment of $ 463 million marks the company as the first company listed by Nasdaq that performs an Ethereum-oriented Treasury strategy.
Moreover, the company is the largest public holder of ETH, behind only the Ethereum Foundation.
ETH STECK
Sharplink stated that its Ethereum-Centern Treasury Strategy Company wants to offer its shareholders direct exposure to digital assets, while strengthening its belief in the role of ETH in feeding future technologies.
The company in particular reported a growth of 11.8% in ETH per share since it started earlier this month with building his treasury. The company has already deported more than 95% of its Ethereum Holdings, so that it can contribute to the security of the network and earn extra yields.
Joseph Lubin, chairman of the Sharplink, said:
“By allocating considerable capital to ETH and using it in network activities such as deportation, Sharplink contributes both to the long -term protection and trusting properties of Ethereum, while earning extra ETH for that work.”
Sharplink has reserved a considerable part of the recently collected $ 79 million to further expand his Ethereum reserves.
Sharplink Stock Tanks
Despite the strategic ETH accumulation, Sharplink’s share performance has seen a sharp decrease.
Google Finance facts Show that the shares of the company fell nearly 67% on 13 June and acted from the press of around $ 10.87.
The steep decline seems to come from market anxiety associated with dilution of shareholders. A viral post on social media claimed that almost all participants in the recent private placement of Sharplink hurried to sell their shares after the announcement of Ethereum Treasury.
Tackle the worries, Lubin clarifying That the S-3 application referred to the viral tweet, easily registers shares for potential resale, a standard procedure after pipe (private investments in public shares).
Matt Corva, legal officer at Consensys, explained:
“Shares in public stock companies must go through a registration process to create. This is part of the market infrastructure. As part of the SBET Pipe, a number of new shares were sold to investors that originated. Those shares must be ‘registered’ to ever put it on the market.”
Ethereum -Market data
At the time of press 4.46 pm UTC on June 13, 2025Ethereum is on #2 by market capitalization and the price is down 7.23% In the last 24 hours. Ethereum has a market capitalization of $ 308.47 billion With a trade volume of 24 hours $ 41.35 billion. More information about Ethereum ›
Summary of the Cryptomarkt
At the time of press 4.46 pm UTC on June 13, 2025The total crypto market is appreciated at $ 3.29 trillion With a volume of 24 hours $ 177.04 billion. Bitcoin Dominance is currently up 63.91%. More information about the Cryptomarkt ›
