{"id":28834,"date":"2025-05-27T16:02:15","date_gmt":"2025-05-27T16:02:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28834"},"modified":"2025-05-27T16:02:15","modified_gmt":"2025-05-27T16:02:15","slug":"sharplink-gaming-soars-400-as-joseph-lubins-consensys-leads-425m-funding-for-eth-treasury-strategy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28834","title":{"rendered":"SharpLink Gaming Soars 400% as Joseph Lubin&#8217;s Consensys Leads $425M Funding for ETH Treasury Strategy"},"content":{"rendered":"<div>\n<p>Shares of sports marketing company SharpLink (SBET) rose 412% on Tuesday after it <a href=\"https:\/\/investors.sharplink.com\/sharplink-gaming-announces-425000000-private-placement-to-initiate-ethereum-treasury-strategy\/\">announced<\/a> plans to create an Ethereum ETH treasury reserve strategy with involvement from the blockchain\u2019s own co-founder, Joseph Lubin.<\/p>\n<\/p>\n<p>The Minneapolis-based firm, founded in 1995, is currently trading at $34.45, up from $7 Friday, with a market cap now of $23 million.<\/p>\n<\/p>\n<p>The company is raising roughly $425 million though a private investment in public equity (PIPE) offering. The proceeds will be used to buy ether, which will then serve as the primary treasury reserve asset.<\/p>\n<\/p>\n<p>Ethereum software developer Consensys, which was also co-founded by Lubin, was the lead investor with further participation by Pantera Capital, Galaxy Digital, and Ondo, among smaller names.<\/p>\n<\/p>\n<p>The offering is expected to close on May 29th, according to the release. Lubin will become chairman of the board of directors upon the closing.<\/p>\n<\/p>\n<p>SharpLink joins an increasing number of microcap companies <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/12\/penny-stocks-attempt-to-ride-cryptos-coattails\">trying to mimic the success of Strategy (MSTR)<\/a>, the first company to adopt a bitcoin BTC treasury strategy, resulting in an over 3,000% increase of its share price over the past five years.<\/p>\n<\/p>\n<p>Along those lines, Trump Media &amp; Technology Group (DJT) Tuesday morning <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/27\/trump-media-raising-25b-for-bitcoin-treasury-strategy\">announced a $2.5 billion capital raise<\/a> to begin a bitcoin treasury strategy.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of sports marketing company SharpLink (SBET) rose 412% on Tuesday after it announced plans to create an Ethereum ETH treasury reserve strategy with involvement from the blockchain\u2019s own co-founder, Joseph Lubin. The Minneapolis-based firm, founded in 1995, is currently trading at $34.45, up from $7 Friday, with a market cap now of $23 million. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28834","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28834"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28834\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}