A company chaired by the chief executive of crypto wallet developer Consensys is announcing plans to create an Ethereum (ETH) treasury.
In a new press release, SharpLink Gaming – chaired by Consensys CEO and Ethereum co-founder Joseph Lubin – says it’s going to purchase $475 million worth of ETH and use it as a primary treasury reserve asset.
To raise the funds to accumulate the tokens, SharpLink is selling just over 69 million shares of its common stock.
As stated by Lubin in the press release,
“On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor.
This is an exciting time for the
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