Sharplink Gaming, a company led by Ethereum’s cooker, Joseph Lubin, informed that he has obtained 222 Ether (ETH), the ethhereum cryptoc 198,167 Eth.
Between June 23 and 27, Sharplink acquired 9,468 ETH additional for an amount of USD 22.8 million, with an average price of USD 2,411 per unit. Purchases were made parallel to a placement of shares through their program At-The-Marketwhereby the company He raised USD 24.4 million through the sale of 2,525,637 common shares.
Sharplink indicated that the bulk of the funds obtained in this issue will be destined to continue increasing its possession of ETH. The entire current reserve is committed to Staking Protocols since June 30. Only in the week of June 21 to 27, The rewards reached 102 eth.
In this context, the company introduced a new metric to report the performance of its Ethereum -based strategy: the “ETH concentration”, which relates the total amount of ETH in portfolio with 1,000 diluted shares assumed. Since its adoption on June 13, this indicator grew 17.7%, going from 2.00 to 2.35 ETH as of June 27.
Despite this activity, Sharplink’s actions (Sbet) They have remained without relevant variationsquoting around 10 dollars since mid -June, as seen below:
In previous weeks, the market reacted negatively to the company’s financial decisions, with collapses after borrowing to acquire more ETH, as cryptoics reported. However, the management team argues that Ethereum is no longer just a speculative asset, but a strategic tool for digital growth.
Joseph Lubin, also co -founder of Ethereum, said that the adoption of ETH as a structural part of the corporate balance position Sharplink for a leading role in the development of digital trade. According to him, digital assets They are beginning to replace the functions of traditional capital.
For his part, Rob Phythian, CEO of the company, said Ethereum represents the financial basis of the future capital management ecosystem and online games. In that sense, Sharplink also announced the hiring of Elefate IR as a signature in charge of managing its communication strategy with investors.
Currently, Sharplink exceeds other entities in the accumulation of Ether, and is close to reaching organizations such as the Ethereum Foundation, which maintains 255,452 ETH to date.
