Ethereum co-founder: Inspired during dinner with Michael Saylor and decided to establish a company to invest in ETH

ChainCatcher news, according to Bloomberg, long-time cryptocurrency 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, did some research, and started discussing with colleagues how cool this idea was," said Lubin, founder and CEO of 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 seemed to have no 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 of up to $1 billion for future issuance of common stock depending on market conditions. After this issuance, the number of common shares issued could reach up to 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 for working capital needs, general corporate purposes, operating expenses, and more.