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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Perhaps due to confusion in the market caused by the S-3 prospectus, the stock price of SharpLink Gaming, an Ethereum treasury company, experienced a big dump of 70%.
According to a report from Decrypt on June 13, the stock price of SharpLink Gaming, which recently announced the establishment of an Ethereum treasury, fell by more than 70% in after-hours trading on Thursday, dropping from a closing price of $32.53 to $10.35, and briefly touching below $8.
The reason for the big dump is related to the S-3 prospectus submitted by the company to the U.S. Securities and Exchange Commission (SEC), as the market misunderstood that the document indicated PIPE financing participants had sold their holdings. Joseph Lubin, co-founder of Ethereum, CEO of Consensys, and chairman of the board of SharpLink, clarified on social media that the document is merely a registration for potential resale of shares by previous investors, and the "Shares Outstanding" column contains hypothetical data, stating that neither he nor Consensys has sold any shares.