Nasdaq-listed SharpLink Gaming has secured $200 million through a direct offering to increase its Ethereum reserves, targeting a total holding exceeding $2 billion.
The Minneapolis-based firm signed a securities purchase agreement with four institutional investors, selling shares at $19.50 each. At current prices, SharpLink holds 521,939 ETH, just shy of the $2 billion mark.
Following the announcement and ETH’s market rally above $3,800, SharpLink shares rose by 3.3% to $22.97.
The company is part of a growing trend among corporate entities using ETH treasury strategies — raising funds to buy ether and stake it for yield. This method aligns with long-term crypto adoption and offers companies passive income through staking.
The move also signals increasing institutional confidence in Ethereum’s ecosystem as a reliable long-term asset. SharpLink’s growing ETH position reinforces the growing legitimacy of cryptocurrencies in traditional corporate treasury strategies.
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