Overview

• SharpLink sold 4.5 million shares at $17.00 for $76.5 million in gross proceeds, a 12% premium to the prior $15.15 close and above the NAV of its 840,124 ETH holdings.
• The investor received a 90-day premium purchase contract for up to 4.5 million additional shares at $17.50, which could bring in another $78.8 million if fully exercised by January 15, 2026.
• Closing is expected on or about October 17 subject to customary conditions, with A.G.P./Alliance Global Partners serving as sole placement agent.
• The company says proceeds will support continued ETH accumulation and raise ETH per share, and CoinDesk ranks SharpLink as the second-largest publicly traded ether treasury.
• CoinDesk reported a modest early share-price uptick following the announcement, and Citizens initiated coverage with a $50 price target citing the firm’s active ETH treasury and staking strategy.