SharpLink To Raise $400M, Aiming For $3B Ethereum Treasury And 1% Of ETH Supply
Posted On August 12, 2025
SharpLink Gaming (NASDAQ:SBET) has unveiled plans to raise an additional $400 million to bolster its Ethereum (CRYPTO: ETH) holdings, targeting a total treasury exceeding $3 billion in the near term.
What Happened: The online gambling marketing company said it will sell shares at $21.76 each to five institutional investors, with the transaction expected to close on Tuesday, Aug. 12, pending final approvals.
Co-CEO Joseph Chalom highlighted the pace of recent capital inflows, noting the firm secured nearly $900 million over the past week.
He described the rapid fundraising as a sign of growing investor …
About The Author
