Sharplink, a company with a growing focus on Ethereum, has continued with his aggressive ETH accumulation, according to a statement of 26 August.
The company said it has acquired 56,533 ETH for an average cost of $ 4,462, with the help of $ 360.9 million picked up via his ATth-Market issue program during the week ending on 24 August.
These purchases raised the total interests of Sharplink to 797,704 ETH, which has a market value of almost $ 3.7 billion. Sharplink is the second largest company holder of Ethereum, behind only Thomas Lee’s Bitmine.
Since the launch of his Treasury Initiative in June, Sharplink has earned 1,799 ETH in the cessation of rewards and has around $ 200 million in cash for future acquisitions.
Sharplink’s Co-CEO Joseph Chalom described the purchases as proof of Sharplink’s discipline when performing his Ethereum-oriented vision, and emphasizes that the company is committed to building the value of the shareholders and at the same time supporting the growth of the broader network.
After the news, Sharplink rose with 3.31% to around $ 20 from the moment of press, according to Google Finance facts.
Incentive plan
Sharplink has submitted With the US Securities and Exchange Commission (SEC) to register 3 million extra shares that are linked to its designation plan.
The program, authorized for the first time by the board on 19 August, enables the company to issue shares on new or re -hired employees as part of their compensation package.
According to the submission, the incentive plan only applies to persons who start or return new roles to the company after a confirmed interruption of the service.
The eligible prices may include limited shares, stock units or options, but each must be granted when hiring and serve as a meaningful factor in the decision to become a member of Sharplink.
By linking employment offers to stock stimuli, Sharplink wants to compete more effectively for trained employees and at the same time reduce cash -based costs. The move also strengthens its strategy to align the rewards of employees to long -term shareholders value.
In the meantime, the administration of the plan will rest with the Compensation Committee or other independent board members.
