Sharplink raised $75 million through equity and warrant issuance last week, using the proceeds to purchase 10,000 ETH at an average price of $1,611 and repurchase 2,132,773 common shares. The firm’s total ether holdings now stand at 886,725, underscoring ongoing institutional allocation to crypto.
Sharplink recently completed a $75 million financing round by issuing common stock and warrants. The company used the proceeds to acquire 10,000 Ether (ETH) at an average price of $1,611 per token, and also repurchased 2,132,773 shares of its common stock.
Following this move, Sharplink’s total ether holdings have risen to 886,725 ETH, reflecting sustained conviction in Ethereum’s long-term value. The share buyback program is intended to enhance shareholder returns.
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