SharpLink Raises $76.5M at a Premium — What’s the Endgame for Its ETH Treasury?
SharpLink Gaming, Inc. (Nasdaq: SBET), one in every of the world’s largest company holders of Ether, announced it has raised $76.5 million by way of a registered direct fairness providing priced at $17 per share — a 12% premium to its closing value of $15.15 on October 15.
The providing was made to an institutional investor below a securities buy settlement protecting 4.5 million shares of frequent inventory. This marks one in every of the few current fairness raises in the digital asset treasury (DAT) ecosystem performed at each a marketand web asset worth (NAV) premium.
The transaction highlights rising institutional confidence in SharpLink’s ETH-focused technique and strengthens its place as a pioneer of Ethereum adoption amongst public corporations.
Alongside the preliminary increase, the investor acquired a 90-day premium buy contract (PPC) — a first-of-its-kind instrument in the DAT ecosystem. The PPC permits the investor to amass as much as an extra 4.5 million shares at $17.50 per share, representing a 19% premium to SharpLink’s October 15 closing value.
If absolutely exercised earlier than its January 15, 2026 expiration, the PPC would generate an extra $78.8 million in proceeds, probably lifting complete capital raised to over $155 million. This construction permits SharpLink to learn from further accretive capital inflows whereas sustaining shareholder worth.
SharpLink Co-CEO Joseph Chalom known as the increase a “novel fairness sale transaction” that displays robust institutional conviction in the firm’s long-term imaginative and prescient. “By elevating fairness at a significant premium to each market value and NAV, we’re capable of proceed accumulating ETH and growing ETH-per-share for our traders,” he mentioned.
Chalom added that the agency stays centered on constructing the most trusted, long-term-oriented treasury in the Ethereum ecosystem. “Each day brings new proof of accelerating retail and institutional adoption of Ethereum throughout stablecoins, tokenized belongings, and DeFi,” he mentioned, reaffirming SharpLink’s bullish stance on ETH as a core company treasury asset.
Deployment of Capital and Strategic Outlook
The $76.5 million raised will likely be deployed to boost SharpLink’s ETH-per-share ratio and broaden its Ethereum treasury holdings, persevering with the firm’s upward momentum below ticker $SBET.
A.G.P./Alliance Global Partners acted as the sole placement agent for the providing, with Thompson Hine LLP serving as authorized counsel to SharpLink and Sullivan & Worcester LLP advising A.G.P.
This increase positions SharpLink as a main publicly traded automobile for Ethereum publicity, combining equity-market entry with disciplined, accretive ETH accumulation — reinforcing its mission to construct a “long-term, ETH-per-share-obsessed treasury.”
SharpLink Calls for Shift Toward High-Quality Growth Assets
At the Digital Assets Summit (DAS) 2025 in London on Tuesday, SharpLink Co-CEO Joseph Chalom addressed a packed viewers throughout a panel dialogue with Joseph Lubin, founder and CEO of Consensys. Chalom explains that the subsequent part of institutional adoption will likely be pushed by fundamentals slightly than hype.
SharpLink Gaming Price Action
Shares of SharpLink Gaming Inc. (Nasdaq: SBET) have surged 435% over the previous six months, closing at $14.77 on October 16, 2025. The rally comes as the firm cements its place as one in every of the largest company holders of Ether and continues to broaden its Ethereum-based treasury technique.
SharpLink’s market capitalization now stands at $2.9 billion, reflecting rising institutional confidence following its $76.5 million fairness increase at a 12% premium to market.
Despite the volatility seen earlier this 12 months — with shares spiking above $80 in June 2025 earlier than stabilizing — investor sentiment stays robust amid the agency’s dedication to growing ETH per share.
The inventory’s efficiency reveals SharpLink’s emergence as a main proxy for Ethereum publicity in public markets, mirroring renewed optimism in digital asset adoption and company treasury tokenization.
Disclosure: The author holds a small private place in SharpLink Gaming (Nasdaq: SBET).
The put up SharpLink Raises $76.5M at a Premium — What’s the Endgame for Its ETH Treasury? appeared first on Cryptonews.
