SharpLink Gaming, listed on Nasdaq, has announced a $200 million capital increase to boost its Ethereum assets.
Capital Raising Announcement
SharpLink Gaming announced the signing of a direct share agreement with four institutional investors at a price of $19.50 per share. The funds will be used to accelerate Ethereum purchases, enabling the company to increase its assets in this cryptocurrency.
Current Status of SharpLink's Assets
Currently, SharpLink Gaming holds 521,939 ETH, which amounts to approximately $2 billion at the Ethereum price of $3,830.65. This has been made possible by the company’s recent acquisitions.
Statements from Company Leadership
SharpLink co-CEO Joseph Chalom stated, "SharpLink is proud to have globally recognized institutional investors participate. This participation further strengthens our existing strong investor base and further validates our mission to be the world’s leading ETH treasury."
SharpLink Gaming is taking active steps to strengthen its position in the Ethereum market and attract institutional investors, which could impact the company's future prospects.
