SharpLink Gaming has announced it will raise $400 million by selling shares directly to five major global institutional investors. Some of these investors are among the largest in the world.
As per the announcement, the company already holds about 598,800 Ether (ETH) as of August 10, 2025, and also has $200 million from earlier fundraising that hasn’t been used yet. Once this new $400 million is added and converted into ETH, SharpLink’s total ETH holdings are expected to be worth more than $3 billion.
On August 8, SharpLink Gaming secured a $200 million stock deal at $19.50 per share with four major institutional investors, aiming to push its Ethereum holdings beyond $2 billion.
Co-CEO Joseph Chalom said raising nearly $900 million in just one week shows that investors trust SharpLink’s strategy of holding Ethereum. He added that it reflects growing belief in Ethereum’s potential to change industries.
The new $400 million deal is being done at a share price of $21.76 and is expected to close on August 12, 2025, if all standard requirements are met. The sale is being carried out under an already approved registration with the U.S. SEC.
The company’s shares, SBET, closed at $23.92 on August 8, up $0.56 (2.40%) from the previous day. In after-hours trading, the stock rose further to $24.38, up $0.46 (1.92%). At the time of writing, Ethereum (ETH) is trading at $4,183.23 with a $504.62 billion market cap.
Also Read: SharpLink Names Ex-BlackRock Exec As Co-CEO For Ethereum Strategy
