SharpLink Gaming raises $400M via equity offering to buy Ether; ETH holdings to top $3B

Sharplink, Inc.

18.4M shares at $21.76 for gross proceeds of ~$400M; offering expected to close Aug. 12, 2025.
Net proceeds to acquire Ether (ETH) and for working capital; current ETH holdings ~598,800 ETH.
Combined with ~$200M undepoyed ATM proceeds, expected ETH holdings exceed $3 billion in value.
Company raised nearly $900M in capital over the past week, including prior ATM sales.
A.G.P./Alliance Global Partners acting as sole placement agent; Cantor as financial advisor.

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