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Benzinga
Benzinga
Business
Murtuza J Merchant

SharpLink To Raise $400M, Aiming For $3B Ethereum Treasury And 1% Of ETH Supply

SharpLink Ethereum Crypto
Ethereum Coin

SharpLink Gaming (NASDAQ:SBET) has unveiled plans to raise an additional $400 million to bolster its Ethereum (CRYPTO: ETH) holdings, targeting a total treasury exceeding $3 billion in the near term.

What Happened: The online gambling marketing company said it will sell shares at $21.76 each to five institutional investors, with the transaction expected to close on Tuesday, Aug. 12, pending final approvals.

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