SharpLink Secures $400M Direct Offering to Expand Ethereum Treasury Beyond $3B

Key Points

1. SharpLink Gaming, Inc. (Nasdaq: SBET) announced a $400M registered direct offering priced at $21.76 per share, expected to close on or about August 12, 2025.

2. As of August 10, SharpLink holds approximately 598,800 ETH, and with $200M in ATM proceeds yet to be deployed, its ETH holdings are projected to surpass $3B in value.

3. CEO Joseph Chalom highlighted the market's confidence in SharpLink's ETH treasury strategy, citing nearly $900M raised in capital over the past week.

4. SharpLink's Ethereum treasury strategy began in late May, aligning with Ethereum's long-term growth trajectory and supported by a $425M private placement.

5. The company is committed to supporting Ethereum's long-term strength and decentralization, positioning itself as one of the largest corporate holders of Ethereum globally.