SharpLink Gaming successfully raised $76.5 million in a stock offering, reflecting strong institutional confidence in its ether strategy.
SharpLink Gaming has raised $76.5 million by selling 4.5 million shares at $17 each, a 12% premium over its previous closing price. The offering reflects strong institutional confidence in the company’s ether-focused strategy and provides additional capital to continue stockpiling ether, making SharpLink the second-largest publicly traded ether treasury firm. The institutional investor also received a 90-day option to buy more shares at $17.50.