SharpLink Gaming Invests $425 Million in Ethereum Strategy
- SharpLink Gaming plans to invest $425 million in an Ethereum Treasury strategy.
- The investment follows a private placement of securities, issuing over 69 million shares at $6.15 each ($6.72 for some managers).
- ConsenSys, founded by Ethereum co-founder Joseph Lubin, is the major investor.
- Joseph Lubin will join SharpLink’s board of directors after the deal closes on May 29, 2025.
- This marks SharpLink’s expansion beyond its core business in sports betting and iGaming markets.
The transaction closing on May 29, 2025, will allow SharpLink to begin accumulating Ethereum as a primary reserve asset, with ConsenSys’ Joseph Lubin joining their board of directors.
Source (2.6)https://hodl.press/sharplink-invests-425m-in-ethereum-reserve-strategy/?rand=24434
