SharpLink announces a private funding round worth $425 million, adding Ethereum to its treasury strategy.

TapChiBitcoin

2025-05-27 17:14:12

B-2,32%

ETH-0,11%

A2,36%

According to GlobeNewswire, SharpLink Gaming announced that it will finalize a private funding round worth approximately 425 million dollars, with Consensys as the lead investor. The transaction is expected to be completed on May 29.

The funding will be used to purchase Ethereum (ETH) and establish ETH as the company’s primary reserve asset. Joseph Lubin, the founder of Consensys and co-founder of Ethereum, will serve as the chairman of the board of the company. This move marks SharpLink’s expansion into the on-chain asset allocation sector, reinforcing the company’s strategic positioning in the Web3 and iGaming markets.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments