Crypto business cash strategies are increasing at an impressive speed. An accumulation often associated with Bitcoin which makes it possible to revitalize the course of the actions concerned. But everything is not always going as planned. Sharplink's stock market collapse can testify to this.
Crypto Treasury Companies: the new paradigm
For a few months now, Business treasures display an unprecedented opening to cryptocurrencies. And it is once again the bitcoin that size the lion's share, with An immediate energizing effect On the course of the shares involved.
A Entrepreneurial logic also opened in Ethereum. With the ambition of surfing the highly strategic character of his blockchain within decentralized finance (DEFI), but also on the long -awaited start of a real sustainable upward trend for ETH cryptocurrency.
But like everything related to these digital assets, Opinions are shared On the possible consequences of this adoption of a new kind. To the point of asking the legitimate question of a possible delay bomb effect. In particular due to the important volatility of the sector.
A doubt that may have just had its first devastating consequence. All in direct relation to society Sharplink Gamingrecently associated with Consensys as part of a Massive purchase of $ 425 million in ETH. With a free fall action in the last hours.
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Sharplink: The scenario of a first stock market collapse?
To understand the current situation, you have to go back a little in time. On May 28, the Sharplink company announced its will to Conclude a supply of securities for $ 425 million. All in close relationship with Crypto Consensys company (Metamask).
The goal? Build The most important Ethereum treasury never known For a listed company on the stock market. An explosive announcement which is like the current situation. Indeed, its SBET action displays a drop of almost 70 % over the last hours.
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Evolution of the Sharplink action course (SBET)
Why such a sudden collapse? It seems that it is linked to visibly unusual deposit of a S-3 form with the seccarried out by the company Sharplink. The latter grants him the right to resell nearly 58.7 million ordinary shares A hundred investors, as part of a private public capital investment offer (pipe).
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A simple misunderstanding under recovery?
It apparently didn't need more to make the markets. However, the CEO of Consensys – newly chairman of the Sharplink board of directors – affirms that all this would be A simple misunderstanding.
Some badly interpret the S-3 file of SBET: it records the actions for a potential resale by previous investors. The column “Actions held after the offer” is hypothetical, assuming the full sale of the actions recorded. It is a standard post-pipe procedure in trade, not an indication of real sales. – Joseph Lubin (Consensys)
At the same time, the Sharplink company has just published a press release to try to save the situation. This in order to formalize its acquisition of 176,271 ETH for a total of $ 463 million. Will this announcement be sufficient to relaunch the course of its action?
🔎 Bitcoin cash (BTC) of $ 800 million? This listed business has displayed its ambitions
Misunderstanding or not, this case reveals The potentially unstable character Associated with the current acceleration of Crypto cash strategies. As in The recent case of the company Trident Digitalwhose action has also collapsed on the stock market following its desire to constitute a stock of $ 500 million in XRP. Would it already be the end of the crypto business effect? Or would it be reserved for Bitcoin alone?
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Sources: Joseph Lubin, Sharplink
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Passionate about cryptocurrencies and the principle of decentralization for many years, I want to share this experience with the greatest number. I also focus on deciphering the issues associated with the evolution of this ecosystem within traditional finance.
