ConsenSys founder Joseph Lubin's new company SBET plans to raise $5 billion to purchase ETH.

According to Gate News bot, the filing documents show that Joseph Lubin, the founder of ConsenSys, is planning to raise $5 billion for his new company SBET to further purchase Ethereum. The company has submitted fundraising application documents to the relevant authorities.

The news was initially disclosed by Zoomer, and according to the document, the goal of this large-scale fundraising by SBET is to increase its holdings of Ethereum assets.

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