๐จ Big News from SharpLink Gaming! ๐จ
SharpLink Gaming, a company listed on the Nasdaq ๐บ๐ธ, has just announced a massive $425 million PIPE deal (Private Investment in Public Equity) โ and it's being led by none other than Consensys! ๐ผ๐ฐ
๐ As part of the agreement, SharpLink will issue approximately 69.1 million shares of common stock at $6.15 each, with the deal expected to close by May 29 ๐โ .
๐ฅ But hereโs where it gets really interestingโฆ
๐ช The company revealed it plans to use the raised funds to buy Ethereum (ETH) โ and not just as an investment. ETH will become their primary treasury reserve asset! ๐๐
๐ฃ๏ธ โThis move marks a huge milestone in SharpLinkโs evolution and signals our expansion beyond traditional operations,โ said Rob Phythian, Founder & CEO of SharpLink. โWeโre thrilled to join forces with Consensys and to welcome Joseph Lubin to our Board after the deal closes.โ ๐คโจ
๐ข On the other side, Joseph Lubin, Founder & CEO of Consensys and Co-Founder of Ethereum, commented:
โThis partnership with SharpLink is exciting! Weโll be exploring Ethereum treasury strategies and working closely with their core business as strategic advisors. Itโs an exciting time for the Ethereum ecosystem!โ ๐๐ #Ethereum #ETH #Binance #BinanceSquareFamily #altcoins