Business
SharpLink Announces Closing of $425,000,000 Private Placement Led by Consensys Software Inc., Will Become the Largest Publicly-Traded ETH Holder Globally
Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, becomes Chairman of the Board SharpLink will use the net proceeds to launch its treasury strategy focused on Ethereum, becoming one of the first Nasdaq-listed companies to take this step. SharpLink continues its online performance-based marketing company serving the U.S. sports betting and global iGaming industries MINNEAPOLIS, June 02, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Compan
About this update from Sharplink, Inc.
[{"type":"image","alt":"SharpLink Gaming, Inc.","displaySize":"","headline":null,"caption":"SharpLink Gaming, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/a8ecc80f15b835d7b572cafaa34a047b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4kj3G1GAlp5x8neCXoOA0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/a8ecc80f15b835d7b572cafaa34a047b","width":300,"height":61}},"lazy":false},{"type":"text","content":"Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, becomes Chairman of the Board","length":100,"tagName":"p"},{"type":"text","content":"SharpLink will use the net proceeds to launch its treasury strategy focused on Ethereum, becoming one of the first Nasdaq-listed companies to take this step. ","length":157,"tagName":"p"},{"type":"text","content":"SharpLink continues its online performance-based marketing company serving the U.S. sports betting and global iGaming industries","length":128,"tagName":"p"},{"type":"text","content":"MINNEAPOLIS, June 02, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”) today announced the closing of a $425,000,000 private placement (funded in a combination of fiat and ETH) led by Consensys Software Inc. and other investors to help SharpLink implement the largest Ethereum treasury strategy in the public markets. Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum, became Chairman of the board of directors of the Company upon the closing of the transaction.","length":527,"tagName":"p"},{"type":"text","content":"The offering included participation by prominent crypto venture capital firms and infrastructure providers such as ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital among others, including Rob Phythian, SharpLink’s CEO, and Robert DeLucia, SharpLink’s CFO.","length":395,"tagName":"p"},{"type":"text","content":"This announcement marks a key milestone in SharpLink’s growth strategy. The transaction enables the Company to adopt ETH, the native asset of the Ethereum blockchain, as its primary treasury reserve asset, while also continuing to focus on its core...