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SharpLink Lifts Ether Treasury to 740,760 ETH After $537 Million Capital Raise

Equity sales are funding a pivot to an ETH-first treasury focused on staking for rewards.

ETH ether publicly traded companies raises SharpLink Gaming ethereum treasury firms
Ethereum treasury SharpLink Gaming holds 740,760 ETH worth over $3 billion

Overview

  • The company bought 143,593 ETH last week at an average price of $4,648.
  • Its holdings were valued at about $3.18 billion as of Sunday based on market prices reported at the time.
  • Financing included $390 million from a registered direct offering that closed Aug. 11 and $146.5 million via its at-the-market program, totaling $537 million in net proceeds.
  • SharpLink reported more than $84 million in cash available for additional ETH purchases and said staking rewards since launch have reached 1,388 ETH.
  • The firm is the second-largest corporate holder of ETH, trailing BitMine Immersion, which controls over 1.5 million tokens.