SharpLink raises $425M via PIPE, adopts Ethereum treasury strategy; Lubin appointed Chairman

Sharplink, Inc.

Gross proceeds of $425M from sale of 69.1M shares at $6.15; Consensys is lead investor.
Proceeds to acquire ETH as primary treasury reserve asset under new Ethereum Treasury Strategy.
Joseph Lubin, Ethereum co-founder and Consensys CEO, appointed Chairman of the Board.
CEO Rob Phythian purchases $150K of shares and CFO Robert DeLucia $50K at $6.72 each.
Asset management agreements signed with Galaxy Digital and ParaFi Capital for long-only ETH staking strategy.

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Executive movements

Appointed

Joseph Lubin

Chairman of the Board

SBET · Sharplink, Inc.

Filed: May 30, 2025 23:59 UTC

The Board also elected Joseph Lubin as Chairman of the Board, subject to his appointment.

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