As a public company, Sharplink Gaming has announced its last step to increase its existing assets. The company is traded on the Nasdaq stock market and is located in the central Minneapolis. Saylor is inspired by the crypto currency reserve strategy, in which the public companies are constantly engaged in stock prices and constantly increasing company assets.
New ETH purchase
The company has reached an agreement with four corporate investors for a direct sale. According to the statement, a total of 200 million dollars of funds were collected as a result of this sales, which was made at a price of 19.50 dollars per share.
Sharplink Gaming officials said that this investment will contribute significantly to the company’s ether. With the company’s latest purchases, the total reserve reached 521,939 ETH level. The total value of the reserve reached $ 2 billion with current prices, which was $ 3.830 during writing. Moreover, this is just a single company’s total reserve.
Sharplink Gaming’s strategy is increasingly in demand in the sector. Companies also find natural buyers for their shares that fold their income with approximately 3 %annually by increasing their funds, accumulating Ether’s assets and confronting these savings. Increased crypto currencies and trading on the stock exchange, investors also take the shares of such companies to take advantage of the ETH rise. Michael Saylor brought this approach to the US markets and thanks to the strategy it watched, the company’s share prices have reached the record levels of all time in Dotcom balloon. Moreover, while the company’s share prices increased, investors became enriched and the company’s tens of billions of dollars of crypto currency reserves.
Company shares increased by 3.3 percent after the announcements and rose to $ 22.97. This rise was supported by general Ether price increases.
ETH reserve strategy
ETH price is on the border of $ 3,900 at the time of the article. After another company announced that it would receive ETH with a share of $ 5 billion a few hours ago, the rise gained speed. The total assets of the companies that already make ETH reserves are over 10 billion dollars. An additional $ 5 billion purchase of a single company will increase the reserve size by 50 %. While the number of these companies increases day by day, there is a hundreds of billions of dollars of corporate ETH Treasury potential. Companies that constantly supply from the stock exchanges can lead to a shortage of supply due to the ongoing investor demand and enable the price of ETH price to reach interesting levels.
Moreover, we see that reserve moves come not only in ETH, but also for other assets such as left, BNB, Dge, Link. This process seems to be the motivation that forms the basis of the largest bull season of crypto currencies.
In summary, Sharplink Gaming has made a 200 million dollars of purchases and aims to keep 5 %of the supply. Fundmetal Global, who left him in the shade, $ 5 billion Ethereum $3,821.46 is preparing to buy. Total ETH reserves can quickly exceed the threshold of $ 20 billion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
