SharpLink Gaming raised $400 million, with Holdings of ETH expected to exceed $3 billion.

robot
Abstract generation in progress

[Block Rhythm] On August 11, according to official news, SharpLink Gaming, Inc. (NASDAQ code: SBET) announced today that it has signed a securities purchase agreement with five top global institutional investors, successfully raising $400 million through direct issuance via sign up. As of August 10, 2025, the company holds approximately 598,800 Ether (ETH), along with about $200 million in unallocated ATM financing, and its total ETH Holdings value is expected to exceed $3 billion.

SharpLink co-CEO Joseph Chalom stated, "The nearly $900 million in financing over the past week confirms the market's confidence in our Ethereum financial strategy. The speed and scale of these investments not only reflect trust in SharpLink but also demonstrate the market's broad recognition of Ethereum's transformative potential."

Key Terms of Transaction:

· Issuance price: $21.76 per share (in accordance with NASDAQ market price rules) · Total fundraising amount: approximately 400 million dollars before deducting underwriting commissions. · Expected delivery date: around August 12, 2025 (subject to normal delivery conditions)

ETH-0.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidityNinjavip
· 2h ago
Mastering a large amount of ETH, this operation is too intense.
View OriginalReply0
WagmiWarriorvip
· 13h ago
The market capitalization is five trillion now, right?
View OriginalReply0
CoffeeNFTsvip
· 15h ago
So awesome, if they had dared to buy two years ago, they would have To da moon now.
View OriginalReply0
CryptoTherapistvip
· 15h ago
let's mindfully process this hopium... the market's subconscious is speaking
Reply0
BagHolderTillRetirevip
· 15h ago
I thought I was buying the dip, but it turned out I was the one being bought.
View OriginalReply0
NotFinancialAdvicevip
· 15h ago
Pro is all in ETH again.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)