Nasdaq-listed SharpLink Gaming continues to expand its Ethereum (ETH) reserves. In the latest development, the firm purchased 143,593 ETH over the past week, bringing its total digital asset holdings to over $3 billion.
SharpLink Gaming Increases Ethereum Holdings, Again
According to a statement issued today, Minneapolis-based SharpLink Gaming acquired 143,593 ETH between August 10 and August 17. The firm raised $537 million in net proceeds during the same period to finance the ETH purchase.
Specifically, SharpLink Gaming raised $390 million through a registered direct offering, which closed on August 11. Another $146 million was raised through its at-the-market (ATM) facility over the past week.
The company’s official announcement revealed that the latest cryptocurrency purchase had