Bitcoin It is bought in large quantities by companies mentioned on the stock market. But Ethereum It also starts to gain importance.
Several companies include the largest altcoin of their sales. Sharplink Gaming has the biggest amount of Ethereum and saw the price of his shares download considerably after his last big purchase.
The largest ETH holder who quotes the stock market
In June, Sharplink Gaming announced his intention to invest a billion dollars in Ethereum. After having already made many purchases, this company which quotes the NASDAQ is on the right track.
Yesterday, Sharplink Gaming bought 7,689 ETH, which brings his total reserve to 205,634 ETH. With a Current Ethereum Prize Out of $ 2,630, this represents a value of more than $ 540 million, which is equivalent to almost 461 million euros.
With the headquarters of Minneapolis, Sharplink Gaming offers marketing solutions to connect sports fans with partners from Paris. But Ethereum has now become an integral part of its commercial strategy. The objective is simple: to offer shareholders an exposure to ether.
The last purchase was made at an average price of $ 2,501 per ETH. They can already have a gain of almost a million dollars.
The company also announced that it had raised $ 64 million in capital thanks to the sale of more than 5.4 million shares. “A large part” will be used to buy even more ether.
The stock price (Ticker: SBET) increased by almost 29% after yesterday’s announcement, exceeding $ 16. This twice means its value on January 1.
At the end of May, the price increased by more than 1,000% in a week after the adoption of Ethereum as the active principal of the Treasury. In June, however, the price dropped by almost 90%.
This dramatic fall was mainly linked to the announcement that the company planned to sell many actions. According to CEO Joseph Lubin, it was a misinterpretation of the market, because it was only a record for a possible resale.
Companies are launched by Ethereum
Sharplink Gaming is not the only company in peer in Ethereum on the stock markets. Last weekIt was reported that Bitmin Immersion Technologies raised $ 250 million to form its own Ethereum reserve. In a few days, the price of its shares pulled almost 700%.
BTCS was also launched on an adventure. Initially, a plan to invest tens of millions of dollars has been made public, but now this figure has increased to $ 100 million.
There is also Bit Digital, which sold its 280 BTC and acquired more than 100,000 ETH. And Gamesquare, which plans to buy altcoins for a value of $ 100 million.
At the same time, eth-American (ETF) funds also accumulate many parts. For eight consecutive weeks, capital entry has exceeded the departure. In total, the funds withdrew more than 61,000 ETH from the market.
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