Ethereum News Today: SharpLink Raises $200M to Push ETH Holdings Past $2 Billion

SharpLink Gaming (NASDAQ: SBET) has raised $200 million through a direct stock offering to increase its Ethereum (ETH-USD) holdings beyond $2 billion, according to a company statement on August 8 [1]. The offering was priced at $19.50 per share and was subscribed by four global institutional investors [1]. The deal, which is structured as a private placement, is expected to close on the same day and follows a $304 million capital raise disclosed earlier in the week [2].

The firm’s co-CEO, Joseph Chalom, emphasized that the move “further validates our mission to be the world’s leading ETH treasury” [1]. The company’s strategy is based on Ethereum’s post-merge proof-of-stake model, which enables it to earn yield on its holdings while aligning with its long-term vision of value creation through digital assets [1]. This approach reflects growing institutional confidence in Ethereum as a strategic treasury asset.

Ethereum’s price has shown resilience in recent trading, rising 4.61% in the past 24 hours to $3,812.71, with a 24-hour trading volume surpassing $35 billion [1]. The announcement coincided with a strong reaction in SharpLink’s stock, which surged 4.74% to $23.19 immediately after the news broke [1]. Although the stock experienced minor short-term volatility, it stabilized quickly, reflecting strong investor sentiment toward the firm’s capital allocation strategy.

The offering was led by A.G.P./Alliance Global Partners and Société Générale, with Cantor serving as the company’s financial advisor [1]. SharpLink Gaming is backed by prominent players in the crypto industry, including Consensys, Galaxy Digital, and Pantera Capital [1]. The firm’s aggressive capital-raising efforts highlight its commitment to building one of the largest corporate Ethereum treasuries in the world.

SharpLink Gaming’s strategy mirrors the approach taken by MicroStrategy with Bitcoin, positioning the company at the forefront of the crypto-native corporate movement [1]. By treating Ethereum as a core component of its balance sheet, the firm is setting a precedent that could encourage more corporations to explore digital assets as a means of preserving and growing value.

The company remains focused on pursuing additional capital formation opportunities to expand its Ethereum holdings and further strengthen its financial position through the digital asset ecosystem [1]. SharpLink Gaming continues to emphasize its long-term vision of leveraging Ethereum for capital appreciation and yield generation, aligning with the broader trend of corporate adoption in the crypto space.

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