SharpLink Gaming (SBET) Closes $425M Private Placement

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Go back to SharpLink Gaming (SBET) Closes $425M Private Placement

SharpLink Announces Closing of $425,000,000 Private Placement Led by Consensys Software Inc., Will Become the Largest Publicly-Traded ETH Holder Globally

June 2, 2025 8:23 AM EDT

Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, becomes Chairman of the Board

SharpLink will use the net proceeds to launch its treasury strategy focused on Ethereum, becoming one of the first Nasdaq-listed companies to take this step.

SharpLink continues its online performance-based marketing company serving the U.S. sports betting and global iGaming industries

MINNEAPOLIS, June 02, 2025 (GLOBE NEWSWIRE) --... More