CoinVoice has learned that SharpLink Gaming, Inc. (NASDAQ: SBET) today announced the signing of a securities purchase agreement with five top global institutional investors, successfully raising $400 million through a registered direct offering.
As of August 10, 2025, the company holds approximately 598,800 Ethereum (ETH), along with approximately $200 million of ATM financing that has yet to be allocated, and its total ETH holdings are expected to exceed $3 billion in value.
SharpLink co-CEO Joseph Chalom stated: "The nearly $900 million in financing over the past week underscores the market's confidence in our Ethereum fiscal strategy. The speed and scale of these investments not only reflect trust in SharpLink but also indicate broad recognition of the transformative potential of Ethereum in the market."
Key transaction terms:
Issue price: $21.76 per share (in compliance with NASDAQ market price rules); Total fundraising amount: approximately $400 million before underwriting commissions; Expected delivery date: around August 12, 2025 (subject to standard delivery conditions). [Original link]
