SharpLink's ETH Holdings Expected to Exceed $3 Billion Following $400 Million Registered Direct Offering with Institutional Investors

Core Viewpoint - SharpLink Gaming, Inc. has successfully raised nearly $900 million in capital, highlighting strong market confidence in its Ether treasury strategy and the transformative potential of Ethereum [2]. Group 1: Capital Raising - The company entered into securities purchase agreements totaling $400 million with five global institutional investors [1]. - The offering is priced at $21.76 per share, expected to close around August 12, 2025, subject to customary conditions [2]. - The total capital raised includes approximately $200 million in ATM proceeds yet to be deployed, bringing the total ETH holdings to an expected value exceeding $3 billion [1][2]. Group 2: Company Overview - SharpLink is one of the largest publicly traded companies adopting Ether as its primary treasury reserve asset, aligning with the future of digital capital [6]. - The company is focused on reimagining online gaming, leveraging a team with deep expertise in sports media, gaming, and technology [7].