SharpLink Completes $400 Million Private Placement and Holds Nearly 600,000 ETH

According to HashChain news, SharpLink recently announced that it has raised $400 million through a private placement, with an issue price of $21.76 per share, led by five international institutional investors. As of Beijing time August 11, 2025, the company holds approximately 598,800 Ether, and there are still about $200 million of ATM fundraising funds that have not been allocated. If fully invested as planned, the market value of the Ether holdings is expected to reach $3 billion.