According to ChainCatcher news and Bloomberg reports, long-time crypto supporter and Ethereum co-founder Joe Lubin stated that about six months ago, under the influence of the most prominent digital asset accumulation advocates, he decided to establish a company to invest in Ethereum’s native Token.
“I was having dinner with Michael Saylor at the time, doing some research, and starting to discuss with colleagues how cool this idea was,” said Lubin, founder and CEO of the Ethereum software infrastructure company Consensys, in an interview. “No one in our company had previously delved into this direction. Later, we found that this strategy didn’t seem to have any particularly dangerous aspects.”
ChainCatcher previously reported that SharpLink Gaming submitted Form S-3 ASR to the U.S. SEC, registering securities with a total scale not exceeding $1 billion for the issuance of common stock in the future depending on market conditions. After this issuance, the number of common stocks issued can reach a maximum of 72,051,288 shares.
The majority of the proceeds from this issuance will be used to purchase ETH, and it is also planned to use the funds raised from this issuance for working capital needs, general corporate purposes, operating expenses, and so on.
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