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SharpLink Secures $400 Million to Expand ETH Holdings

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by Giorgi Kostiuk

2 hours ago

SharpLink Gaming Inc. has announced the completion of a $400 million deal with institutional investors to enhance its Ethereum assets.

Deal with Institutional Investors

SharpLink Gaming Inc. finalized a $400 million registered direct offering agreement with five global institutional investors on August 12, 2025. This deal opens opportunities to improve their ETH treasury strategy.

Potential for Increasing ETH Holdings

The new capital is intended to significantly boost SharpLink's Ethereum assets, indicating investor confidence and influencing the perception of Ethereum's growth potential overall.

Management Comments and Outlook

CEO Joseph Chalom expressed confidence in the company's ability to raise substantial amounts quickly, highlighting that these investments reflect growing recognition of Ethereum's potential. Analysts predict this could lead to strategic shifts in Ethereum acquisitions by SharpLink.

The completion of the $400 million deal emphasizes the growing investor confidence in SharpLink's ETH treasury strategy and could significantly impact the cryptocurrency market.

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