TLDR
- SharpLink Gaming raised $200 million through a registered direct offering led by four global institutional investors.
- The funds will be used to expand SharpLink’s Ethereum treasury, with a target value exceeding $2 billion.
- SharpLink’s total Ethereum holdings now amount to 521,939 ETH, making it the second-largest corporate ETH holder.
- The offering is set to close around August 8, 2025, pending customary conditions.
- SharpLink’s strategy focuses on accumulating, staking, and growing ETH per share to increase its long-term position.
SharpLink Gaming, a Nasdaq-listed company focused on Ethereum adoption, has raised $200 million in a registered direct offering. This move, led by four prominent global institutional investors, signals the company’s intensified ambition to dominate the corporate Ethereum market. The raise, priced at $19.50 per share, will help SharpLink further expand its Ethereum holdings, potentially reaching a total value of $2 billion.
The offering is set to close on August 8, 2025, pending regulatory approvals. SharpLink will use the new funds to bolster its Ethereum treasury, already valued at nearly $2 billion. The company aims to increase its position as one of the largest corporate ETH holders, a move that will further establish its role as a key player in Ethereum adoption.
SharpLink’s Corporate Ethereum Strategy
SharpLink’s strategy to become the top corporate ETH holder is grounded in three main pillars: accumulating, staking, and growing ETH per share. The company recently acquired 83,561 ETH for around $264 million, raising its total holdings to 521,939 ETH. This acquisition places SharpLink as the second-largest corporate ETH holder, just behind BitMine.
NEW: SharpLink raises $200M in a direct offering led by four global institutional investors at $19.50/share
This capital will be used to expand our Ethereum treasury, expected to surpass $2B upon full deployment
At SharpLink, our mission is simple:
Accumulate ETH. Stake ETH.… pic.twitter.com/ABv7CH9Cqt
— SharpLink (SBET) (@SharpLinkGaming) August 7, 2025
SharpLink’s unique approach mirrors the strategy used by Michael Saylor with Bitcoin. By offering equity investors exposure to Ethereum through its SBET shares, the company is giving institutional investors indirect exposure to the asset. This positions SharpLink as a major player in the Ethereum space, with plans to continue growing its Ethereum reserve over time.
Institutional Backing Confirms SharpLink’s Vision
SharpLink’s recent capital raise has attracted global institutional support, validating its Ethereum-centered vision. The offering was structured under an effective shelf registration statement filed with the SEC. A.G.P./Alliance Global Partners acted as the lead placement agent, with Société Générale and Cantor Fitzgerald serving in advisory roles.
Co-CEO Joseph Chalom emphasized the significance of the involvement from globally recognized institutions, stating that it reinforces SharpLink’s mission. SharpLink is positioning itself not only as an innovator in gaming but also as a long-term Ethereum treasury institution.
