A company chaired by the CEO of Crypto Wallet Developer Consensys announces plans to create an Ethereum (ETH) Treasury.
In a new one press releaseSharplink Gaming-Set by Consensys CEO and Ethereum Co-founder Joseph Lubin-Zegt that it will buy $ 475 million from ETH and used it as a primary treasury reserve-resistant.
To raise the money to collect the tokens, Sharplink sells just over 69 million shares of his ordinary shares.
As mentioned by Lubin in the press release,
“In the neighborhood, Consensys is looking forward to working with Sharplink to explore and develop an Ethereum Treasury strategy and to work with them in their core activities as a strategic adviser.
This is an exciting time for the Ethereum community, and I am delighted to work with [SharpLink CEO Rob Phythian] And the team to bring the Ethereum opportunity to public markets. “
The shares of Sharplink (SBET) rose last week and rose from a low of $ 2.79 on 22 May to a peak of $ 50.06 on 27 May, a stunning increase of more than 945%. The share has since been withdrawn and is appreciated at $ 29.78 at the time of writing.
Ethereum trades at $ 2,635 at the time of writing.
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Generated image: midjourney