SharpLink Gaming, Inc. (Nasdaq: SBET), one of many world’s largest company holders of Ether, introduced it has raised $76.5 million by way of a registered direct fairness providing priced at $17 per share — a 12% premium to its closing worth of $15.15 on October 15.
We’ve raised $76.5M by issuing fairness at $17 per share (12% premium to market), with the potential for ~$79M extra although a novel 90-day premium buy contract at $17.50 per share (19% premium) – the primary of its variety within the DAT ecosystem.
– SharpLink bought fairness at each a… pic.twitter.com/adqRIF90GJ— SharpLink (SBET) (@SharpLinkGaming) October 16, 2025
The providing was made to an institutional investor below a securities buy settlement overlaying 4.5 million shares of widespread inventory. This marks one of many few latest fairness raises within the digital asset treasury (DAT) ecosystem performed at each a marketand internet asset worth (NAV) premium.
The transaction highlights rising institutional confidence in SharpLink’s ETH-focused technique and strengthens its place as a pioneer of Ethereum adoption amongst public firms.
Introducing a Novel 90-Day Premium Buy Contract
Alongside the preliminary increase, the investor acquired a 90-day premium buy contract (PPC) — a first-of-its-kind instrument within the DAT ecosystem. The PPC permits the investor to amass as much as an extra 4.5 million shares at $17.50 per share, representing a 19% premium to SharpLink’s October 15 closing worth.
If absolutely exercised earlier than its January 15, 2026 expiration, the PPC would generate an extra $78.8 million in proceeds, doubtlessly lifting complete capital raised to over $155 million. This construction permits SharpLink to learn from extra accretive capital inflows whereas sustaining shareholder worth.
Strengthening the ETH-Per-Share Technique
SharpLink Co-CEO Joseph Chalom known as the increase a “novel fairness sale transaction” that displays robust institutional conviction within the firm’s long-term imaginative and prescient. “By elevating fairness at a significant premium to each market worth and NAV, we’re capable of proceed accumulating ETH and rising ETH-per-share for our traders,” he stated.
Chalom added that the agency stays targeted on constructing essentially the most trusted, long-term-oriented treasury within the Ethereum ecosystem. “Every day brings new proof of accelerating retail and institutional adoption of Ethereum throughout stablecoins, tokenized property, and DeFi,” he stated, reaffirming SharpLink’s bullish stance on ETH as a core company treasury asset.
Deployment of Capital and Strategic Outlook
The $76.5 million raised might be deployed to reinforce SharpLink’s ETH-per-share ratio and increase its Ethereum treasury holdings, persevering with the corporate’s upward momentum below ticker $SBET.
A.G.P./Alliance International Companions acted as the only placement agent for the providing, with Thompson Hine LLP serving as authorized counsel to SharpLink and Sullivan & Worcester LLP advising A.G.P.
This increase positions SharpLink as a number one publicly traded automobile for Ethereum publicity, combining equity-market entry with disciplined, accretive ETH accumulation — reinforcing its mission to construct a “long-term, ETH-per-share-obsessed treasury.”
SharpLink Requires Shift Towards Excessive-High quality Progress Belongings
On the Digital Belongings Summit (DAS) 2025 in London on Tuesday, SharpLink Co-CEO Joseph Chalom addressed a packed viewers throughout a panel dialogue with Joseph Lubin, founder and CEO of Consensys. Chalom explains that the subsequent part of institutional adoption might be pushed by fundamentals fairly than hype.
"I believe you're going to see a big differentiation, going ahead, and if you happen to consider in development and also you need development property, perhaps go to high-quality development property that may stand the take a look at of time, which have an actual basic worth and are productive," SharpLink's… pic.twitter.com/2UX5uMuDHo
— Digital Asset Summit 2025 (@blockworksDAS) October 14, 2025
SharpLink Gaming Worth Motion
Shares of SharpLink Gaming Inc. (Nasdaq: SBET) have surged 435% over the previous six months, closing at $14.77 on October 16, 2025. The rally comes as the corporate cements its place as one of many largest company holders of Ether and continues to increase its Ethereum-based treasury technique.
SharpLink’s market capitalization now stands at $2.9 billion, reflecting rising institutional confidence following its $76.5 million fairness increase at a 12% premium to market.
Regardless of the volatility seen earlier this 12 months — with shares spiking above $80 in June 2025 earlier than stabilizing — investor sentiment stays robust amid the agency’s dedication to rising ETH per share.
The inventory’s efficiency exhibits SharpLink’s emergence as a number one proxy for Ethereum publicity in public markets, mirroring renewed optimism in digital asset adoption and company treasury tokenization.
Disclosure: The author holds a small private place in SharpLink Gaming (Nasdaq: SBET).
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