SharpLink Bets Big on Ethereum with $425M Investment Deal

Source of this Article
Coinpedia 5 months ago 229

Ethereum’s $4,300 Test_ Can the ‘Microsoft of Crypto’ Lead XRP and Dogecoin Higher

The post SharpLink Bets Big on Ethereum with $425M Investment Deal appeared first on Coinpedia Fintech News

SharpLink, a U.S.-listed company, has announced a $425 million PIPE (Private Investment in Public Equity) deal, with Consensys leading the investment. The agreement includes issuing around 69.1 million shares at $6.15 each, and the deal is expected to close by May 29. The company plans to use the funds to purchase Ethereum (ETH ($3,859.05)), making it its primary treasury reserve asset. This bold move highlights growing corporate interest in crypto as a long-term store of value and treasury diversification strategy.



Facebook X WhatsApp LinkedIn Pinterest Telegram Print Icon


BitRss shares this Content always with Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

Read Entire Article


Screenshot generated in real time with SneakPeek Suite

BitRss World Crypto News | Market BitRss | Short Urls
Design By New Web | ScriptNet