SharpLink Gaming Raises $400M, ETH Holdings to Top $3B

2025-08-11 20:17

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August 11 – SharpLink (SBET) secured $400M via a registered direct offering with five major institutions. As of Aug 10, it holds ~598,800 ETH; with $200M unallocated funds, total ETH value is set to exceed $3B.

Co-CEO Joseph Chalom cited $900M raised in a week as validation of its Ethereum strategy. Key terms: $21.76 per share, closing around Aug 12.

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