SharpLink Gaming has announced plans to raise $400 million through a share sale to five major institutional investors. This initiative aims to expand their assets in Ethereum cryptocurrency.
Plans for New Funding Round
SharpLink Gaming announced it intends to raise $400 million by selling shares at $21.76. The deal is expected to close on August 12, 2025, pending satisfaction of all standard requirements.
Current Crypto Asset Data
As of August 10, 2025, the company already held 598,800 Ethers (ETH) and $200 million from prior fundraising that has yet to be utilized. Following this new deal, SharpLink Gaming’s total ETH holdings are anticipated to be valued over $3 billion.
Comments from Company Leadership
Co-CEO Joseph Chalom stated that raising nearly $900 million in just one week demonstrates investor confidence in the company’s strategy of holding Ethereum, reflecting a growing belief in Ethereum’s potential to transform industries.
In conclusion, SharpLink Gaming continues to actively grow its cryptocurrency assets, as evidenced by significant investments and the trust from major institutional investors.
