Consensys CEO will lead an Ethereum Treasury company with $425M

As a result of the deal, Ethereum co-founder Joe Lubin became chairman of the board of SharpLink, whose shares are listed on NASDAQ. Lubin told Bloomberg that he started thinking about creating an Ethereum reserve six months ago after a dinner with Michael Saylor

The $425M raise followed a May 30 SEC filing in which the company announced its intention to raise an additional $1B. "Practically all" of these funds will be used to purchase ETH

The company stated that it intends to build "the largest Ethereum treasury strategy in the public markets." While more and more companies are investing in bitcoin, public companies focused on Ethereum are rare

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