Ethereum News Today: SharpLink Secures $400M to Expand Ethereum Treasury Strategy

SharpLink Gaming, Inc. (Nasdaq: SBET) has completed a $400 million registered direct offering through securities purchase agreements with five global institutional investors. The financing, announced on August 10, 2025, is intended to expand the company’s Ethereum (ETH) treasury, which currently stands at approximately 598,800 ETH. Combined with an unallocated $200 million ATM financing facility, the company’s ETH holdings are expected to exceed $3 billion in total value [1]. The offering price was set at $21.76 per share, and the transaction is expected to settle around August 12, 2025, pending customary closing conditions [1].

SharpLink’s Co-CEO Joseph Chalom emphasized the significance of the fundraising, calling it a confirmation of both institutional confidence in the firm and the broader recognition of Ethereum’s potential as a transformative asset. “The nearly $900 million raised in the past week confirms the market’s confidence in our Ethereum treasury strategy,” he stated [1].

This latest round of capital follows a recent rapid accumulation of ETH, with the company adding 83,561 ETH in a single week [1]. The firm stakes 100% of its holdings, generating ongoing returns through staking rewards [2]. The strategic shift toward Ethereum and other digital assets has driven SharpLink’s stock price to surge sixfold since it began implementing its crypto treasury strategy [1].

The move aligns with a growing trend among publicly traded firms to allocate corporate treasuries into cryptocurrencies, moving beyond Bitcoin to include Ethereum and other altcoins [1]. SharpLink is reportedly considering additional capital-raising efforts to further support its Ethereum accumulation plan [3].

The company has also strengthened its leadership with the addition of industry veterans such as David Namdar of Galaxy Digital and Russell Read of CalPERS [4], reinforcing its long-term commitment to a crypto-centric financial strategy. As institutional adoption of Ethereum continues to rise, SharpLink is well positioned to benefit from potential price appreciation and ongoing staking yields.

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.finanzen.ch/nachrichten/devisen/amina-bank-the-rise-of-crypto-treasury-companies--1035017962

[3] https://ca.investing.com/news/company-news

[4] https://cryptonews.com/news/bnc-buys-200k-bnb-for-160m/