NewsBTC

12 August 2025

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SharpLink Secures $400 Million Offering Boosting Ethereum Holdings to $3 Billion

SharpLink Gaming has secured a $400 million registered direct offering with five major institutional investors, enhancing its position as one of the largest corporate holders of Ethereum. This funding is expected to increase SharpLink's ETH holdings beyond $3 billion.

Key Developments

• SharpLink's ETH treasury currently holds approximately 598,800 ETH.
• The company also has an unused $200 million at-the-market facility for liquidity.
• BitMine Immersion has become the largest holder of ETH globally, with a treasury exceeding 1.15 million ETH, valued at around $4.96 billion.
• BitMine's rapid accumulation increased its ETH holdings from 163,000 to over 1 million in just over a month.
• BitDigital_BTBT considers ETH a foundational asset, viewing it as essential for future financial infrastructure.

Both companies highlight strong institutional confidence in ETH's long-term potential and strategic importance in reshaping finance.