Mentioned:
The Ethereum Foundation just sold Ethereum tokens directly to a publicly listed company on the Nasdaq. But, why?
What’s happening:
- Sharplink Gaming (NASDAQ: SBET) has purchased 10,000 Ethereum tokens directly from the Ethereum Foundation
By the numbers:
- Sharplink Gaming now holds a total of 215,000 Ethereum tokens and is the single largest holder of Ethereum amongst all publicly traded companies in the world
Why it matters:
- This is the first time ever that the Ethereum Foundation has ever sold Ethereum tokens to a publicly traded company
Going deeper:
- Sharplink Gaming has publicly stated they plan to continue to stake their Ethereum holdings, which has already generated more than 325 Ethereum since they began accumulating Ethereum to hold directly as an asset
- Some of the largest venture capital funds and investors in crypto previously led a $425M USD equity financing round into Sharplink Gaming, including Galaxy Digital (NASDAQ: GLXY) and Pantera Capital
