SharpLink announces $400 million in new financing to continue increasing its ETH holdings

Mars Finance News, on August 11, according to official sources, SharpLink Gaming, Inc. (NASDAQ: SBET) announced today that it has signed a securities purchase agreement with five top global institutional investors, successfully raising $400 million through direct registered issuance. As of August 10, 2025, the company holds approximately 598,800 ETH, and with approximately $200 million in unallocated ATM financing, the total value of its ETH holdings is expected to exceed $3 billion. SharpLink Co-CEO Joseph Chalom stated: "The financing of nearly $900 million over the past week confirms the market's confidence in our Ethereum fiscal strategy. The speed and scale of these investments not only reflect trust in SharpLink but also demonstrate the market's broad recognition of Ethereum's transformative potential." Key transaction terms: · Issuance price: $21.76 per share (in compliance with NASDAQ market price rules) · Total fundraising: approximately $400 million before underwriting commissions · Expected closing date: around August 12, 2025 (subject to customary closing conditions)