SharpLink Gaming Secures $400 Million in Funding
SharpLink Gaming, Inc., publicly traded under the ticker SBET on Nasdaq, made headlines today by disclosing a significant financial move. The company has successfully secured $400 million through a registered direct offering, finalized through a securities purchase agreement with five prominent institutional investors from around the globe.
As of mid-August 2025, SharpLink boasts an impressive portfolio comprising approximately 598,800 Ether (ETH) along with a notable $200 million available under an at-the-market (ATM) financing facility. Overall, the value of SharpLink’s ETH assets is projected to exceed $3 billion.
Comments from Leadership
Joseph Chalom, Co-CEO of SharpLink, commented on this substantial funding achievement, describing the nearly $900 million amassed within a week as a strong endorsement of investor trust in the company’s Ethereum treasury strategy. He emphasized that the swift execution and extensive nature of these investments highlight not only confidence in SharpLink but also a broader acknowledgment of the disruptive potential held by Ethereum in the market.
Key Details of the Funding Round
- Offering Price: Shares were priced at $21.76, adhering to Nasdaq’s market price regulations.
- Total Funds Raised: The total capital raised amounts to approximately $400 million, exclusive of underwriting fees.
- Expected Closing Date: The settlement for this offering is anticipated to occur around August 12, 2025, pending customary conditions for closing.
This financing marks a critical step in SharpLink’s strategy to enhance its holdings in the burgeoning Ethereum market, aligning with a growing confidence in digital asset valuations.
