---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-013081"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T05:02:22.462435+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-013081
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225013081/0001641172-25-013081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225013081/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-013081
- JSON: https://secwatch.observer/filing/0001641172-25-013081.json
- Plain text: https://secwatch.observer/filing/0001641172-25-013081.txt

## Key facts
- Executive change
  Joseph Lubin was elected as Chairman of the Board at Sharplink, Inc..
  - Action: elected
  - Role: Chairman of the Board
  source text: The Board also elected Joseph Lubin as Chairman of the Board, subject to his appointment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981535/000164117225013081/0001641172-25-013081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.