Key Takeaways
- SharpLink Gaming secured $200 million to broaden its Ether holdings.
- The corporate’s ETH treasury is predicted to exceed $2 billion after the funding deployment.
SharpLink Gaming secured $200 million in funding from 4 world institutional buyers by means of a registered direct providing, the corporate introduced as we speak.
“SharpLink is proud to be joined by globally-recognized institutional buyers, augmenting our robust current investor base and additional validating our mission to be the world’s main ETH treasury,” stated Joseph Chalom, SharpLink’s Co-Chief Government Officer, in an announcement.
A.G.P./Alliance World Companions is serving because the lead placement agent, with Société Générale as a co-placement agent. Cantor is performing as a monetary advisor to the corporate.
The providing, made beneath an efficient shelf registration assertion on Type S-3ASR, is predicted to shut round August 8, 2025, topic to customary closing circumstances.
SharpLink will allocate the web proceeds to its Ethereum (ETH) treasury. The Nasdaq-listed firm not too long ago acquired 83,561 ETH for about $304 million, elevating its complete holdings to 521,939 ETH, valued at over $1.9 billion, based on a regulatory disclosure.
SharpLink is on observe to surpass $2 billion in ETH holdings following the increase, reinforcing its rank because the second-largest company holder after BitMine.
