SharpLink Raises $76.5 Million to Strengthen Ethereum Investments

SharpLink Gaming Soars with Ethereum Strategy

SharpLink Gaming (SBET), the second largest publicly traded Ethereum treasury firm, raised $76.5 million through a direct stock sale. It is reported that the shares were sold at a price above their market value.

In the company's statement, it was expressed that this sale is a sign of "strong confidence" among institutional investors. The funds raised create more room for SharpLink to increase its Ethereum holdings.