Overview

• SharpLink raised $425 million through a private investment in public equity offering to acquire Ethereum as its primary treasury asset.
• The funding round was led by Consensys with participation from Galaxy Digital, Pantera Capital, Ondo and other investors.
• Shares of SharpLink Gaming surged more than 400%, trading near $34 following the financing announcement.
• Investors purchased roughly 69.1 million shares at $6.15 apiece, reflecting a steep premium to pre-announcement levels.
• Ethereum’s price climbed over 6% on the announcement day and about 50% this month as companies diversify treasury holdings into cryptocurrency.