#Sharplink Gaming Plans $200M Raise To Boost $ETH Treasury Holdings


Sharplink Gaming is selling roughly $200 million worth of common stock to buy more $ETH for its corporate treasury.


The sports gambling firm has entered agreements with four institutional investors to sell shares at $19.50 each.


The offering is expected to close on Aug. 8 if closing conditions are met, bringing the company closer to holding 1% of all $ETH in circulation.


Sharplink currently holds 521,939 $ETH worth $1.9 billion as of Aug. 3, according to federal regulatory filings.


The company initiated its $ETH accumulation strategy in June 2024 as part of the growing corporate crypto treasury trend.


$ETH was recently trading at $3,812, just 22% below its record price of $4,878 from the 2021 bull run.


Bettors on #Myriad Markets are wagering whether Sharplink will accumulate one million $ETH before mid-September, with 55% betting against it

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August 07, 2025 at 9:35 PM
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