Mentioned:
The race to accumulate as much Ethereum as possible is well underway. Which is exactly why Sharplink Gaming has just raised a new mega financing round.
What’s happening:
- Sharplink Gaming (NASDAQ: SBET) has raised $200M USD in a new equity financing round
By the numbers:
- Sharplink Gaming currently holds more than $2B USD worth of Ethereum tokens directly as an asset
- 100% of the Ethereum owned by Sharplink Gaming is being staked to generate additional yield
Why it matters:
- Sharplink Gaming has been rapidly accumulating Ethereum and is now the second largest holder of Ethereum amongst all publicly traded companies in the world
Going deeper:
- Sharplink Gaming is led by Ethereum co-founder Joseph Lubin and has some of the world’s largest crypto venture funds as early investors, including Galaxy Digital (NASDAQ: GLXY), Pantera Capital and GSR
- Ethereum has been making major waves on Wall Street lately, which has been fuelled by both the explosive growth of Ethereum spot ETFs and mega equity and debt financing rounds for publicly listed companies to buy Ethereum
