SharpLink Gaming announced plans to raise an additional $400 million by selling shares directly to five major global institutional investors. This move will significantly boost the company’s Ethereum holdings, pushing their total value beyond $3 billion.
As of August 10, 2025, SharpLink already holds about 598,800 Ether (ETH) and has $200 million from a previous fundraising round that remains unused. Earlier on August 8, the company secured $200 million in stock deals at $19.50 per share with four large institutional investors, aiming to increase its ETH holdings above $2 billion.
Co-CEO Joseph Chalom emphasized that raising nearly $900 million in one week showcases strong investor confidence in SharpLink’s strategy of holding Ethereum. He highlighted growing market belief in Ethereum’s potential to disrupt industries worldwide.
The new $400 million deal is priced at $21.76 per share and is expected to close on August 12, 2025, pending standard regulatory approvals. The offering is conducted under a U.S. SEC-approved registration.
SharpLink’s shares (SBET) recently closed at $23.92, with after-hours trading pushing prices higher. At the same time, Ethereum trades near $4,183, reflecting a market cap of over $504 billion.
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