The US-based children’s hospital St. Jude Children’s Research Hospital’s crypto fundraising campaign has completed the process of issuance of ASTEROID tokens worth approximately $676,000.
Mark, who runs a hospital cryptocurrency donation group, explained that ASTEROID assets are being phased out. This process is being carried out as part of the hospital’s operations to accept donations in cryptocurrencies.
According to the statement, the first 0.5% of ASTEROID token supply was donated to institutional investors. $ETH wallet. At that time, there was no infrastructure to directly convert fiat currencies, so assets were held for the long term. The value of the position then fluctuated between $500,000 and $1 million as the ASTEROID price increased.
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After institutional approval, the team executed a staged sale through 12 separate transactions on a decentralized exchange within approximately 48 hours. It said that during the sale process, efforts were made to minimize the impact on the market, including ensuring liquidity did not fall below approximately $3.5 million and net buying pressure remained within certain limits.
It is stated that the position of ASTEROID was converted to approximately 290. $ETH At the end of the process, it will be worth about $676,000. Funds raised will be used for treatment and research projects within St. Jude Children’s Research Hospital.
*This is not investment advice.
