---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-023115"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:55:14.693417+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-023115
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000164117225023115/0001641172-25-023115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000164117225023115/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-023115
- JSON: https://secwatch.observer/filing/0001641172-25-023115.json
- Plain text: https://secwatch.observer/filing/0001641172-25-023115.txt

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