US Stock SharpLink Announces New $400 Million Funding Round to Further Increase ETH Holdings
By: theblockbeats.news|2025/08/11 20:42:08
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BlockBeats News, August 11th, according to official sources, SharpLink Gaming, Inc. (Nasdaq: SBET) today announced that it has signed a securities purchase agreement with five global top-tier institutional investors, successfully raising $400 million through a registered direct offering. As of August 10, 2025, the company holds approximately 598,800 Ether (ETH), in addition to an unallocated approximately $200 million ATM financing facility, with the total estimated value of its ETH holdings expected to exceed $3 billion.
SharpLink Co-CEO Joseph Chalom stated: "The nearly $900 million raised in the past week confirms the market's confidence in our Ethereum treasury strategy. The speed and scale of these investments not only reflect trust in SharpLink but also demonstrate the market's widespread recognition of Ethereum's transformative potential."
Key Transaction Terms:
· Offering Price: $21.76 per share (compliant with Nasdaq market price rules)
· Total Fundraising Amount: Approximately $400 million before underwriting commissions
· Expected Settlement Date: Around August 12, 2025 (subject to customary closing conditions)
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