SharpLink Secures $400M to Boost Ethereum Reserves Past $3 Billion Mark

SharpLink Gaming has announced its entry into a $400 million registered direct offering with five global institutional investors, with shares priced at $21.76 each. Alliance Global Partners serves as the sole placement agent for this transaction, which is anticipated to close on August 12, pending standard closing conditions.

The sports marketing company plans to use the proceeds to expand its existing Ethereum holdings significantly. SharpLink currently maintains a position of 598,800 ETH, which carries an estimated value of approximately $2.5 billion, alongside $200 million in proceeds from at-the-market sales conducted last week.

Corporate Ethereum Accumulation Trend

Company leadership expects this fresh capital injection to drive their cryptocurrency treasury beyond the $3 billion threshold, bringing them closer to their ambitious target of controlling roughly 1 percent of Ethereum’s total circulating supply. This latest funding round pushes SharpLink’s total capital raised to nearly $900 million within a single week, demonstrating the company’s aggressive expansion strategy.

SharpLink bought $400,000,000 worth of $ETH

This kind of liquidity inject will trigger an alt rally

Every $60 will turn into $74,220 in days

Here’s what’s happening and 5 alts I’m buying 🧵👇 pic.twitter.com/76n3m7Xxo7

— Miero (@0xMiero) August 12, 2025

The move reflects a growing pattern among publicly traded companies that are incorporating Ethereum into their corporate treasury strategies. According to Standard Chartered’s analysis, corporate treasuries may eventually represent 10 percent of all outstanding ETH tokens, signaling a potential shift in institutional adoption patterns.

Recent Market Performance

Ethereum has shown strong performance recently, trading around $4,220 with gains of 13.5 percent over the past week. Meanwhile, SharpLink’s stock experienced notable volatility, reaching an intraday peak of $28 before closing Monday’s session down 6.6 percent at $22.34, though the shares maintain a 17 percent gain for the week overall.

Market Implications

This substantial corporate Ethereum acquisition could reinforce institutional confidence in the cryptocurrency’s long-term value proposition. The transaction represents another significant step toward mainstream corporate adoption of digital assets as treasury reserves.