SharpLink Secures $200M to Double Down on ETH Strategy –
0Ethereum
SHARPLINK
Treasury
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Tanzeel Akhtar
Journalist
Tanzeel Akhtar
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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,...
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Last updated:
August 7, 2025
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SharpLink Gaming, Inc. (Nasdaq: SBET), one of the largest corporate holders of Ethereum, has announced a $200 million registered direct offering priced at $19.50 per share.
The offering involves four unnamed global institutional investors, showing growing institutional interest in Ethereum as a treasury asset. The net proceeds will be used to further expand its ETH treasury, which is now projected to surpass $2 billion upon full deployment.
The move is part of SharpLink’s ongoing strategy to “accumulate ETH, stake ETH, and grow ETH per share,” as it positions itself as a central corporate player in the space.
Institutional Backing Shows Rising ETH Confidence.
The deal was facilitated by A.G.P./Alliance Global Partners as lead placement agent, with Société Générale serving as co-placement agent. Cantor Fitzgerald is acting as the company’s financial advisor.
The involvement of these global institutions shows a shift, suggesting that Ethereum—often seen as volatile or...
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