SharpLink鈥檚 ETH Holdings Expected to Exceed $3 Billion Following $400 Million Registered Direct Offering with Institutional Investors
SharpLink Gaming (Nasdaq: SBET) has secured $400 million through securities purchase agreements with five major global institutional investors. The registered direct offering is priced at $21.76 per share, at-the-market under Nasdaq rules. Combined with current holdings of 598,800 ETH and approximately $200 million in ATM proceeds pending deployment, SharpLink's ETH holdings are projected to exceed $3 billion in value.
The offering is expected to close around August 12, 2025, with A.G.P./Alliance Global Partners serving as the sole placement agent and Cantor as financial advisor. The offering is made through an effective shelf registration statement on Form S-3ASR.
SharpLink Gaming (Nasdaq: SBET) ha ottenuto 400 milioni di dollari tramite accordi di acquisto di titoli con cinque importanti investitori istituzionali globali. L'offerta diretta registrata 猫 fissata a $21.76 per azione, in modalit脿 at-the-market secondo le regole del Nasdaq. Sommate alle partecipazioni correnti di 598,800 ETH e a circa $200 milioni di proventi ATM in attesa di impiego, le partecipazioni in ETH di SharpLink dovrebbero superare un valore di $3 miliardi.
Si prevede che l'offerta si chiuder脿 intorno al 12 agosto 2025, con A.G.P./Alliance Global Partners quale unico agente di collocamento e Cantor come consulente finanziario. L'offerta 猫 effettuata tramite una dichiarazione di registrazione a scaffale efficace sul modulo S-3ASR.
SharpLink Gaming (Nasdaq: SBET) ha asegurado 400 millones de d贸lares mediante acuerdos de compra de valores con cinco importantes inversores institucionales globales. La colocaci贸n directa registrada se ha fijado a $21.76 por acci贸n, en modalidad at-the-market conforme a las normas del Nasdaq. Sumando las participaciones actuales de 598,800 ETH y aproximadamente $200 millones en ingresos ATM pendientes de despliegue, se proyecta que las tenencias de ETH de SharpLink superar谩n un valor de $3.000 millones.
Se espera que la oferta se cierre alrededor del 12 de agosto de 2025, con A.G.P./Alliance Global Partners como agente 煤nico de colocaci贸n y Cantor como asesor financiero. La oferta se realiza a trav茅s de una declaraci贸n de registro shelf vigente en el Formulario S-3ASR.
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SharpLink Gaming (Nasdaq: SBET) a obtenu 400 millions de dollars via des accords d'achat de titres avec cinq grands investisseurs institutionnels mondiaux. L'offre directe enregistr茅e est fix茅e 脿 $21.76 par action, r茅alis茅e en mode at-the-market selon les r猫gles du Nasdaq. Associ茅s aux positions actuelles de 598,800 ETH et 脿 environ 200 millions de dollars de recettes ATM en attente d'utilisation, les avoirs en ETH de SharpLink devraient d茅passer une valeur de 3 milliards de dollars.
La cl么ture de l'offre est attendue aux alentours du 12 ao没t 2025, A.G.P./Alliance Global Partners agissant comme agent unique de placement et Cantor en tant que conseiller financier. L'offre est r茅alis茅e via une d茅claration d'enregistrement shelf en vigueur sur le formulaire S-3ASR.
SharpLink Gaming (Nasdaq: SBET) hat 400 Millionen US-Dollar durch Wertpapierkaufvereinbarungen mit f眉nf gro脽en globalen institutionellen Investoren gesichert. Das registrierte Direktangebot ist auf $21.76 pro Aktie festgesetzt und wird als at-the-market gem盲脽 den Nasdaq-Regeln platziert. Zusammen mit den derzeitigen Best盲nden von 598,800 ETH und rund $200 Millionen an noch einzusetzenden ATM-Erl枚sen wird der ETH-Bestand von SharpLink voraussichtlich einen Wert von 眉ber $3 Milliarden erreichen.
Der Abschluss der Platzierung wird voraussichtlich um den 12. August 2025 erfolgen, wobei A.G.P./Alliance Global Partners als alleiniger Placement-Agent und Cantor als Finanzberater fungieren. Das Angebot erfolgt 眉ber eine wirksame Shelf-Registration-Erkl盲rung auf Formular S-3ASR.
- Secured substantial $400 million investment from major institutional investors
- Total capital raised reaches nearly $900 million in just one week
- Current ETH holdings of 598,800 ETH plus new capital expected to exceed $3 billion in value
- Offering priced at-the-market without discount, showing strong investor confidence
- Significant share dilution from the $400 million offering
- High concentration of assets in volatile cryptocurrency (ETH)
- Substantial exposure to crypto market fluctuations
Insights
SharpLink's $400M capital raise strengthens its Ethereum treasury strategy, expanding holdings to over $3B and signaling institutional confidence.
SharpLink Gaming has executed a $400 million registered direct offering with five global institutional investors at
The scale of this capital raise is remarkable -
This transaction represents a significant evolution in how public companies are approaching cryptocurrency exposure. Rather than simply adding some Bitcoin to their treasury as a hedge (like MicroStrategy's approach), SharpLink appears to be developing an ETH-focused treasury strategy at institutional scale. The company is effectively positioning itself as a publicly-traded Ethereum investment vehicle.
The immediate investor response reflects confidence in both SharpLink's execution capabilities and Ethereum's long-term value proposition. By utilizing a registered direct offering through an effective shelf registration, the company is accessing capital through established regulatory channels rather than more speculative funding approaches, adding credibility to their strategic direction.
MINNEAPOLIS, MN, Aug. 11, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (鈥淪harpLink鈥� or the 鈥淐ompany鈥�) today announced that it has entered into securities purchase agreements for an aggregate of
Joseph Chalom, Co-Chief Executive Officer of SharpLink, stated, 鈥淩aising nearly
The purchase agreements, pursuant to a registered direct offering priced at
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. Cantor is acting as financial advisor to the Company.
This offering is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333-287708), which was declared effective by the Securities and Exchange Commission (the 鈥淪EC鈥�) on May 30, 2025. The offering is made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at . Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.聽
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is one of the world鈥檚 largest publicly traded companies to adopt Ether (鈥淓TH鈥�) as its primary treasury reserve asset 鈥� a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum and ETH, the world鈥檚 leading smart-contract platform and second largest digital asset.
SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course 鈥� building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at .
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the intended use of proceeds from the registered direct offering, the execution of the Company鈥檚 treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lans,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥減rojects,鈥� 鈥減redicts,鈥� 鈥渆stimates,鈥� 鈥渁ims,鈥� 鈥渂elieves,鈥� 鈥渉opes,鈥� 鈥減otential鈥� or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company鈥檚 expectation of exceeding
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