Ethereum News Today: SharpLink's $200M Raise Pushes ETH Holdings Past $2 Billion

SharpLink Gaming has completed a $200 million private placement offering, which will propel its Ethereum (ETH) holdings past the $2 billion threshold [1]. The deal, priced at $19.50 per share, involves four global institutional investors and is expected to close on August 8 [1]. This move further cements SharpLink’s position as one of the largest corporate holders of ETH in the world.

The capital raise reflects growing institutional confidence in Ethereum as a treasury asset. Co-CEO Joseph Chalom stated that the investment “further validates our mission to be the world’s leading ETH treasury” [1]. SharpLink employs Ethereum’s post-merge proof-of-stake architecture through staking, enabling yield generation while aligning with a long-term strategy of value creation through digital assets [1].

Ethereum’s price has risen by 4.61% over the past 24 hours, trading at $3,812.71, with trading volume surpassing $35 billion [1]. This upward trend aligns with SharpLink’s broader strategy of allocating corporate capital to crypto assets rather than maintaining traditional cash or bond reserves [1].

The company’s stock (SBET) responded positively to the news, surging 4.74% to $23.19 immediately after the announcement [1]. Although the stock experienced brief volatility, it stabilized quickly, suggesting investor confidence in the firm’s capital allocation approach.

This latest round of funding follows a $304 million capital raise disclosed just days earlier [2], indicating an aggressive expansion plan to increase ETH concentration. SharpLink is backed by prominent players in the crypto industry, including Consensys, Galaxy Digital, and Pantera Capital [1].

By building a substantial ETH treasury, SharpLink is positioning itself as a leader in the crypto-native corporate model, a strategy that mirrors MicroStrategy’s approach with Bitcoin [1]. This trend may encourage other firms to explore Ethereum as a strategic asset for value preservation and growth.

The offering is being facilitated by A.G.P./Alliance Global Partners and Société Générale, with Cantor serving as financial advisor [1]. SharpLink continues to evaluate capital formation opportunities to further expand its ETH holdings and strengthen its corporate balance sheet through digital assets [1].

Source:

[1] https://www.cryptotimes.io/2025/08/08/sharplinks-200m-deal-pushes-eth-holdings-beyond-2-billion/

[2] https://www.mexc.com/news/sharplink-raises-200m-to-power-ethereum-treasury-past-2b-threshold/64155