SharpLink Raises $76.5M to Bolster ETH Holdings, $79M More Expected via 90-Day Premium Purchase Contract
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
SharpLink announced a strategic capital raise, issuing shares at $17 per share — a 12% premium to the prevailing market price — and successfully secured $76.5 million in proceeds. The transaction reflects a conventional equity financing designed to strengthen liquidity and support corporate objectives.
In addition, management disclosed a 90-day premium purchase contract priced at $17.5 per share (a 19% premium), which is expected to generate approximately $79 million upon settlement. The structure provides a near-term funding window while preserving capital flexibility for the firm.
SharpLink stated that the initial $76.5 million allocation will be directed toward enlarging ETH holdings, aligning with SBET’s documented accumulation strategy and overall capital allocation framework aimed at augmenting the balance sheet and supporting future operational priorities.