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MINNEAPOLIS - SharpLink Gaming, Inc. (Nasdaq:SBET), currently valued at $3.3 billion and showing a remarkable 299% price return over the past six months, announced Monday it has entered into securities purchase agreements totaling $400 million with five global institutional investors through a registered direct offering priced at $21.76 per share.According to InvestingPro data, the company’s stock has demonstrated significant momentum, with a 25% gain just last week.
The company reports that combined with its current holdings of approximately 598,800 Ether (ETH) as of Sunday and approximately $200 million in ATM proceeds yet to be deployed, SharpLink’s ETH holdings are expected to exceed $3 billion in value. The company maintains a strong liquidity position with a current ratio of 3.27, indicating robust short-term financial health.
"Raising nearly $900 million in capital over the past week underscores the market’s confidence in SharpLink’s ETH treasury strategy," said Joseph Chalom, Co-Chief Executive Officer of SharpLink.
The closing of the offering is expected to occur on or about August 12, 2025, subject to customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering, while Cantor is serving as financial advisor to the company.
The offering is being made pursuant to an effective shelf registration statement on Form S-3ASR, which was declared effective by the Securities and Exchange Commission on May 30, 2025.
SharpLink Gaming describes itself as one of the world’s largest publicly traded companies to adopt Ether as its primary treasury reserve asset. The Minneapolis-based company is also involved in online gaming solutions. InvestingPro analysis reveals 12 additional key insights about SharpLink’s financial position and market performance. Subscribers can access detailed metrics, valuation analysis, and comprehensive financial health scores.
This article is based on a press release statement from SharpLink Gaming.
In other recent news, SharpLink Gaming, Inc. announced it has secured approximately $200 million through a registered direct offering to expand its Ethereum holdings. The company entered into agreements with institutional investors at $19.50 per share, with the transaction expected to close around August 2025. Additionally, SharpLink’s shareholders approved an increase in the number of authorized shares of common stock from 100 million to 500 million. This amendment became effective following its filing with the Secretary of State of Delaware. In leadership news, SharpLink appointed Joseph Chalom, a former BlackRock executive, as its new Co-Chief Executive Officer. Chalom’s previous experience includes leading the launch of the iShares Ethereum Trust. The company also reported a significant 29% increase in its Ethereum holdings, reaching 360,807 ETH as of July 2025. This surge was due to the purchase of 79,949 ETH at an average price of $3,238.
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