Home SharpLink Raises $76.5M In Premium-priced Stock Deal To Expand Ether Holdings

SharpLink Raises $76.5M In Premium-priced Stock Deal To Expand Ether Holdings

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SharpLink Raises $76.5M In Premium-priced Stock Deal To Expand Ether Holdings | 3.0 TV (3versetv)
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The second-largest publicly traded ether treasury firm, SharpLink Gaming, has raised $76.5 million in a direct stock offering priced above market.

The Minneapolis-based company said in a press release it sold 4.5 million shares at $17 per share, a 12% premium over its $15.15 closing price on Oct. 15.

The sale price also reflected a premium to the company’s net asset value of its 840,124 ETH holdings, reflecting what the company called “strong institutional confidence” in its strategy.

An unnamed institutional investor bought the shares and received a 90-day option to buy another 4.5 million shares at $17.50.

The firm’s ether holdings are second only to that of Bitmine Immersion Technologies (BMNR), which currently has 3.03 million ETH in its treasury.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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