SharpLink Gaming shares closed trading on Monday down over 6.5% after striking a $400 million share purchase deal to buy more Ether.
SharpLink Gaming, a sports betting marketing firm turned Ether treasury company, closed the trading day at a loss on Monday after announcing a $400 million deal to help it buy more crypto.
SharpLink said on Monday it entered into a share purchase agreement with “five global institutional investors” that would help boost its Ether (ETH) holdings, which it added is “expected to exceed $3 billion in value.”
The deal sees its shares sold for $21.76 each for total proceeds of $400 million and is slated to close on Tuesday, subject to conditions.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
