Ethereum News Today: SharpLink Raises $200M to Expand Ethereum Treasury Holdings

SharpLink Gaming has announced a $200 million stock sale, priced at $19.50 per share, to further expand its Ethereum treasury. The firm, now led by Consensys founder Joe Lubin, is executing this at-the-market offering to accumulate additional ETH, with the goal of holding 1% of all Ethereum in circulation [1]. The offering, expected to close this week, involves four unnamed institutional partners and is being supported by major players in the crypto space, including Arrington Capital, Electric Capital, Galaxy Digital, and Pantera Capital [4].

This move follows a $1 billion shelf registration filed with the U.S. Securities and Exchange Commission, which was later expanded to $6 billion in mid-July 2025. The company can now offer both equity and debt to investors to fund its Ethereum purchases. The net proceeds from the latest offering will be directed toward increasing its ETH treasury, expected to exceed $2 billion in value [2].

As of early August 2025, SharpLink had already increased its Ethereum holdings to over 521,939 ETH, with total funding raised reaching $279.2 million [5]. The company has become one of the largest publicly traded holders of Ethereum, capitalizing on the growing trend of crypto treasury strategies. In July 2025, former BlackRock executive Joseph Chalom joined the firm as co-CEO to lead its ETH acquisition strategy [3].

The offering is being facilitated by Alliance Global Partners as the lead placement agent, with Societe Generale serving as co-placement agent and Cantor acting as the financial advisor. Institutional backing is seen as a key validation of the firm’s strategy and adds credibility to its mission [1].

Ethereum’s current price of $3,855.14 reflects a positive trend for crypto treasury firms like SharpLink. A 7% rise in a single day could enhance the value of the company’s growing ETH holdings, reinforcing its position as a key player in the institutional crypto arena [6]. The firm’s aggressive expansion reflects a broader shift in corporate finance, where institutional investors are increasingly viewing digital assets as a core component of treasury management [5].

This initiative aligns with a broader trend among public companies pivoting to crypto-focused strategies, mirroring efforts by other firms in the sector. As Ethereum’s price approaches its all-time high of $4,878, the strategic move by SharpLink underscores the growing legitimacy and appeal of cryptocurrencies in the traditional financial market [1].

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Source: [1] The, [https://www.theblock.co/post/365994/joe-lubin-backed-ethereum-treasury-firm-sharplink-to-sell-additional-200-million-worth-of-stock-to-buy-eth](https://www.theblock.co/post/365994/joe-lubin-backed-ethereum-treasury-firm-sharplink-to-sell-additional-200-million-worth-of-stock-to-buy-eth)

[2] CoinCentral, [https://coincentral.com/sharplink-eyes-2b-ethereum-treasury-after-major-200m-fundraise/](https://coincentral.com/sharplink-eyes-2b-ethereum-treasury-after-major-200m-fundraise/)

[3] Stock Titan, [https://www.stocktitan.net/news/SBET/sharp-link-enters-into-purchase-agreements-with-select-institutional-59dg1di3azxv.html](https://www.stocktitan.net/news/SBET/sharp-link-enters-into-purchase-agreements-with-select-institutional-59dg1di3azxv.html)

[4] GlobeNewswire, [https://www.globenewswire.com/news-release/2025/08/07/3129202/0/en/SharpLink-Enters-into-Purchase-Agreements-with-Select-Institutional-Investors-for-200-Million-Registered-Direct-Offering-of-Common-Stock.html](https://www.globenewswire.com/news-release/2025/08/07/3129202/0/en/SharpLink-Enters-into-Purchase-Agreements-with-Select-Institutional-Investors-for-200-Million-Registered-Direct-Offering-of-Common-Stock.html)

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

[6] AInvest, [https://www.ainvest.com/news/ethereum-news-today-sharplink-raises-200m-boost-ethereum-treasury-expansion-2508/](https://www.ainvest.com/news/ethereum-news-today-sharplink-raises-200m-boost-ethereum-treasury-expansion-2508/)