US EditionConsensys Leads $425M Raise for SharpLink Gaming’s ETH Treasury Plans
- SharpLink Gaming, a Nasdaq-listed sportsbook marketing firm, announced a $425 million equity raise to buy Ethereum as its primary treasury asset on May 27, 2025.
- This move follows a trend of public companies adopting cryptocurrencies as treasury reserves inspired by Michael Saylor's bitcoin strategy and involves a private placement backed by Consensys.
- Consensys, led by Ethereum cofounder Joseph Lubin who will join SharpLink's board, and investors like Pantera Capital and Electric Capital, support SharpLink's plan to acquire about 120,000 ETH.
- Ethereum's price rose more than 5% to intraday highs above $2,680 amid increased volume of $23 billion after SharpLink's announcement, while its market cap stands near $323 billion.
- SharpLink’s adoption of Ethereum as a treasury reserve marks a significant shift for a Nasdaq firm and reflects rising institutional interest in ETH alongside growing community optimism.
24 Articles
24 Articles
Consensys Leads $425M Raise for SharpLink Gaming’s ETH Treasury Plans
SharpLink Gaming is raising $425 million via a private placement to establish ether as its primary treasury reserve asset, marking a major shift for a publicly traded U.S. company that operates as a sports betting firm as it follows the playbook of Michael Saylor’s Strategy and other firms that have emulated it. The deal is being led by Consensys Software, headed by Ethereum co-founder Joseph Lubin, who will become SharpLink’s board chair upon c…
Ether Skyrockets SharpLink’s $425M ETH Bet Sparks Massive Surge
Ether Rallies Towards $2,700 as SharpLink Announces $425 Million Ethereum Treasury Plan The cryptocurrency market presented a mixed picture, with Bitcoin advancing above the $110,000 mark while the total crypto market capitalization experienced a marginal 0.5% decline over the last 24 hours. Market Dynamics: Corporate Crypto Adoption and IPO Filings Trading activity remained relatively subdued on Tuesday, even as Trump Media and Technology Group…
Gaming Firm Chaired by Joseph Lubin Announces Plans for Ethereum Treasury Strategy Starting With $475,000,000 in Capital - The Daily Hodl
A company chaired by the chief executive of crypto wallet developer Consensys is announcing plans to create an Ethereum (ETH) treasury. In a new press release, SharpLink Gaming – chaired by Consensys CEO and Ethereum co-founder Joseph Lubin – says it’s going to purchase $475 million worth of ETH and use it as a primary treasury reserve asset. To raise the funds to accumulate the tokens, SharpLink is selling just over 69 million shares of its com…
Gaming Firm Chaired by Joseph Lubin Announces Plans for Ethereum Treasury Strategy Starting With $475,000,000 in Capital
A company chaired by the chief executive of crypto wallet developer Consensys is announcing plans to create an Ethereum (ETH) treasury. In a new press release, SharpLink Gaming – chaired by Consensys CEO and Ethereum co-founder Joseph Lubin – says it’s going to purchase $475 million worth of ETH and use it as a primary... The post Gaming Firm Chaired by Joseph Lubin Announces Plans for Ethereum Treasury Strategy Starting With $475,000,000 in Cap…
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