Ethereum’s Curse: The First ETH Finance Company ever suffered from Sharo’s 73% crash – Details
Sharplink Games (SBET)This became the first publicly traded company to establish the Ethereum Treasury Ministry, and it has not been easy since this big move. The company’s stock plummeted, and the report said investors planned to uninstall its shares after creating ETH’s Treasury ministry.
Sharplink Games stock falls after Ethereum Treasury moves
exist X PostsSteven Lubka, vice president of investor relations at Nakamoto, has attracted the attention of the crypto community as Sharplink Gaming’s stock fell 72% after get off work. According to SBET stock crash, he believes Bitcoin Finance Ministry It is a better strategy than Ethereum Treasury Reserve.
Bitcoinists report Sharplink launches $425 million Ethereum Reserve Plan In this process, it became the first listed company to establish ETH reserves. The company has Completed private location The amount was raised for the preparatory plan earlier this month. The company also appointed Joseph Lubin, the founder and CEO of Consensus, as chairman.
Rumors say participants in private store share are seeking to uninstall the shares they purchased. exist X Postsjournalist Steven revealed that basically every participant in SBET’s private location has proposed less than a month to transfer all shares. Ethereum’s financial policy is slightly moved.
The revelation of the file may have caused panic, which led to the collapse of SBET stock. It is worth mentioning that Sharplink Games plans to further promote its ETH Treasury reserves. The company has Submit $1 billion in shelf products Accumulate more Ethereum with the SEC. The company will raise the money by selling its common stock.
Joseph Lubin solves stock sales rumors
exist X PostsJoseph Lubin, who told the rumor that his company is planning to sell SBET shares from private tickets provided by the Ethereum Treasury Department. this Consensus CEO Explained that some people misunderstood the S-3 application and pointed out that the Register Stocks were potential resales for previous investors.
Lubin added that the “Stock After Stocks” column is hypothetical, assuming that the entire sale of registered stocks is for sale. He pointed out that this is a standard postipe program Traditional Finance (Tradfi) rather than signs of actual sales. In line with this, the consensus CEO clarified that they have not sold any shares yet, while announcing support for Ethereum Finance Corporation.
Despite the setbacks of ETH Finance Corporation, MarketWatch data It shows that SBET stock has only risen by more than 300% (YTD) per year. The stock has also grown 1,000% since Sharplink games adopted Ethereum as a reserve asset.
At the time of writing, Ethereum price is trading at about $2,500, down more than 8% in the past 24 hours. data From CoinMarketCap.
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