🚨 SHARPLINK BECOMES THE "MICROSTRATEGY OF #ETHEREUM "! 🤯 ACCUMULATES $470 MILLION IN ETH AND CHALLENGES THE MARKET AFTER PLUMMETING STOCKS! 🚀💰
📢 SharpLink Gaming, a company listed on NASDAQ, has made a bold move by announcing a new purchase of $30.6 million in Ether (ETH), raising its holdings to the astonishing figure of 188,478 #ETH in its treasury. With this, it crowns itself as the largest publicly traded holder of ETH! 👑
The company acquired these 12,207 $ETH at an average price of $2,513 per unit, and to finance it, sold common stock for $27.7 million, with most of those funds allocated for future ETH purchases! 🤑 In fiat money, its Ether treasury already exceeds $470 million! 🤯
Since June 2, 100% of its ETH holdings are in staking, which has already generated 120 ETH in rewards and an 18.97% growth in ETH per share. 📈 Executives, including Joseph Lubin (co-founder of Ethereum), defend this long-term strategy to optimize value for shareholders and integrate digital assets. 💡
However, not everything is rosy. 😬 The decision to allocate $400 million for the purchase of ETH at the end of May caused a brutal 70% drop in the stock price of SharpLink (SBET). 📉 A reaction that shook the market! Despite this, the company maintains its stance, arguing that ETH is a strategic tool to strengthen its business model and a key asset in digital finance. SharpLink is positioning itself as the "MicroStrategy of Ethereum," betting everything on the future of the second-largest cryptocurrency! 🚀
🤔 Do you think this bold investment strategy in ETH is a visionary signal of corporate adoption of cryptocurrencies and a smart long-term move? 👇💬
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