Ethereum News Today: SharpLink Rises 12.7% After $400M Ethereum Treasury Expansion Fundraising

SharpLink Gaming has secured a $400 million registered direct offering with five global institutional investors, priced at $21.76 per share [1]. The transaction is expected to close on or around August 12, 2025, pending customary closing conditions [2]. This offering follows a recent $200 million stock transaction on August 8, 2025, executed at $19.50 per share with four major institutional investors [3]. The proceeds will be used to further expand the company’s Ethereum treasury, which is now projected to exceed $3 billion in value [4].

As of August 10, 2025, SharpLink held approximately 598,800 ETH [3]. With the latest offering and prior financing, the company is reinforcing its position as a major ETH holder. Co-CEO Joseph Chalom stated that the recent fundraising reflects strong market confidence in the company’s strategy of accumulating Ethereum and in the blockchain asset’s “transformative potential” [4]. The company has previously outlined its intention to build a transparent and scalable ETH treasury strategy, which was launched on June 2, 2025 [6].

Since the announcement of the offering, SharpLink’s stock has surged 12.7%, with shares trading within an intraday range of $23.38 to $27.67 [5]. On August 8, the stock closed at $23.92, and after-hours trading reached $24.38 [3]. At the time of the transaction, Ethereum was trading at $4,183.23, with a market cap of $504.62 billion [3].

SharpLink is part of an emerging group of firms adopting Ethereum as a core asset on their balance sheets. Companies such as Bitmine, The Ether Machine, Bit Digital, BTCS Inc., and Gamesquare Holdings have also pursued similar strategies [3]. With a combined $600 million in recent capital raises and a clear roadmap for expanding its ETH reserves, SharpLink appears well-positioned to benefit from Ethereum’s growing adoption and long-term value potential.

A.G.P./Alliance Global Partners served as the sole placement agent for the offering, while Cantor acted as the financial advisor [3]. The offering was executed under an effective SEC shelf registration (File No. 333-287708) [3].

Source:

[1] https://www.stocktitan.net/news/SBET/sharp-link-s-eth-holdings-expected-to-exceed-3-billion-following-400-76xw0914o58k.html

[2] https://www.ainvest.com/news/ethereum-news-today-sharplink-secures-400m-expand-ethereum-treasury-strategy-2508/

[3] https://www.cryptotimes.io/2025/08/11/sharplink-plans-raising-400m-to-boost-its-eth-treasury/

[4] https://www.marketbeat.com/stocks/NASDAQ/SBET/news/

[5] https://www.ainvest.com/news/sharplink-gaming-sbet-surges-12-7-400m-institutional-influx-2508/