ozmoz.base.eth
@capitanozan
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SharpLink Gaming Transitions to Ethereum Treasury Strategy with $425 Million Private Placement
On May 27, 2025, U.S.-based SharpLink Gaming (NASDAQ: SBET) announced a strategic move to adopt Ethereum as its primary treasury reserve asset. As part of this initiative, the company disclosed that it has secured a $425 million private investment (PIPE - Public Investment in Private Equity). This funding will support SharpLink’s new financial direction and enable the official integration of Ethereum into its balance sheet.
Investment Details:
Over 69 million shares were sold at a price range of $6.15–$6.72 per share.
Total expected gross proceeds: $425 million.
Notable crypto and tech-focused funds participating in the round include:
@consensys Software Inc. (as the lead investor),
ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital,
Republic, GSR, Hivemind, Hypersphere, Primitive Ventures, and White Star Capital. 0 reply
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