SharpLink Gaming Doubles Down on Ethereum With $200M Raise

by Ouess

SharpLink Gaming (SBET) is making waves again in crypto markets, announcing plans to expand its Ethereum treasury beyond $2 billion through a new $200 million capital raise.

Key Details of the Funding Round

💰 $200 million direct offering at $19.50/share
🏦 4 institutional investors participating
📅 Closing August 8 (subject to conditions)
📈 Stock surged 4% on the news (YTD: +192%)

SharpLink’s Growing Ethereum Dominance

  • Current holdings498,884 ETH ($1.95B)
  • Planned purchase: Additional ~51,000 ETH ($200M)
  • Ranking#2 public ETH holder behind BitMine (833K ETH)

New co-CEO Joseph Chalom (ex-BlackRock) stated:

“This deal validates our mission to become the world’s leading ETH treasury.”

Market Impact and ETH Price Action

🚀 ETH at 6-month high ($3,900)
📈 Institutional demand surging
💡 Tom Lee’s bold prediction: ETH could hit $16,000

You may also like

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content