Ethereum News Today: SharpLink Secures $400M to Boost Ethereum Treasury Holdings

SharpLink Gaming Inc. has finalized a $400 million registered direct offering with five institutional investors on August 12, 2025, to expand its Ethereum (ETH) treasury strategy. The shares were priced at $21.76 apiece, and the funding is expected to significantly boost the company’s ETH holdings, which are already valued at over $2.5 billion [3]. SharpLink, listed on Nasdaq as SBET, aims to accumulate 1.2 million ETH, representing approximately 1% of the total supply [3]. The firm has also raised more than $900 million in capital over the past week, signaling strong investor confidence in its long-term approach to holding and acquiring Ethereum [3].

CEO Joseph Chalom emphasized that the rapid and substantial capital raising reflects growing recognition of Ethereum’s potential and the company’s strategy to build a treasury that could exceed $3 billion in ETH value [3]. The move aligns SharpLink with other publicly traded companies such as BitMine and Bit Digital, which are also pursuing large Ethereum holdings as part of a broader trend of institutional adoption of crypto assets [1]. At the time of the announcement, Ethereum was trading at $4,220, a 13.5% increase in the past week and over 43% in the last month [3].

Despite the positive outlook, SharpLink’s stock exhibited sharp intraday volatility following the news. Shares opened near $24 and briefly surged to $28 before settling at a 6.6% decline to $22.34 for the day [5]. However, the stock has gained over 17% in the past seven days, reflecting sustained investor interest in the company’s Ethereum-focused strategy [5]. Analysts speculate that the firm and others in the sector could eventually hold up to 10% of all circulating Ethereum, although no specific price target has been provided by the company [1].

The offering underscores the increasing convergence of traditional equity markets and crypto assets, particularly as more firms adopt treasury strategies that mirror those of conventional corporations. The speed and scale of the capital raise suggest that SharpLink is well-positioned to influence future market dynamics, especially if Ethereum continues its upward trajectory. The move also highlights the evolving nature of crypto-gaming and the growing role of institutional investors in shaping the market’s direction.

Sources:

[1] SharpLink Gaming, Inc. (SBET) Stock: Shares Swing as

https://coincentral.com/sharplink-gaming-inc-sbet-stock-shares-swing-as-company-seals-400m-direct-offering/

[2] SharpLink Gaming stock soars after $400M registered

https://ca.investing.com/news/stock-market-news/sharplink-gaming-stock-soars-after-400m-registered-direct-offering-93CH-4150331

[3] Crypto Short News – Latest Real-Time Updates

https://coinpedia.org/crypto-live-news/

[4] SBET News Today | Why did Sharplink Gaming stock go up

https://www.marketbeat.com/stocks/NASDAQ/SBET/news/

[5] Stock Market News

https://www.investing.com/news/stock-market-news/3