SharpLink 12% Premium Equity Sale Could Signal Rising Institutional Interest in Ethereum Treasuries

• Raised $76.5M by issuing 4.5M shares at $17 (12% premium)

• 90-day premium purchase contract can add up to $78.8M at $17.50 per share (19% premium)

• SharpLink holds over 840,000 ETH; company reports >$900M unrealized ETH gains and says all ETH is staked

SharpLink equity sale: SharpLink raised $76.5M at a 12% premium to expand ETH holdings and operations — read the facts and implications for corporate Ethereum treasuries.

Equity sale at 12% premium strengthens SharpLink’s Ethereum-focused balance sheet and signals rising institutional interest in digital treasuries.

By COINOTAG — Published: October 16, 2025. Updated: October 16, 2025.

SharpLink Gaming, Inc. (Nasdaq: SBET) announced the pricing of a registered direct offering that raised $76.5 million by selling 4.5 million shares at $17.00 each, a price representing a 12% premium to the company’s October 15 closing price of $15.15. The transaction includes a 90-day premium purchase contract allowing certain investors to purchase up to an additional 4.5 million shares at $17.50 per share, a 19% premium to the market price.

The company, headquartered in Minneapolis and one of the largest corporate holders of Ether (ETH), said the proceeds will be used to accumulate additional ETH and to support operational growth. SharpLink reported holding over 840,000 ETH and disclosed more than $900 million in unrealized ETH gains in recent corporate filings and public statements.

What is the SharpLink equity sale?

SharpLink equity sale refers to a registered direct offering in which SharpLink issued 4.5 million shares at $17.00 per share to raise $76.5 million, plus a 90-day premium purchase contract to buy up to 4.5 million additional shares at $17.50. The company intends to direct proceeds toward further ETH accumulation and operational expansion.

How does SharpLink’s Ethereum treasury strategy work?

SharpLink’s treasury strategy centers on holding and staking ETH to generate yield and create ETH-denominated revenue streams. The company states it currently holds over 840,000 ETH and has staked 100% of those holdings to earn staking rewards. According to SharpLink’s public filings and corporate statements, staking yields supplement trading results and help underpin per-share ETH exposure for investors. The capital raise at a premium supports further accumulation, increasing the firm’s ETH-per-share ratio.

SharpLink has positioned this model as complementary to regulated Ethereum exchange-traded funds (ETFs) by emphasizing its ability to stake holdings outside ETF constraints, which it argues can capture higher yields. These claims are documented in the company’s SEC filings and investor presentations (company statements), not as independent analysis.

Frequently Asked Questions

How will SharpLink use proceeds from the $76.5M offering?

SharpLink will allocate the $76.5M primarily to additional ETH purchases and to support operational expansion, including staking infrastructure and business development. The company has stated that the goal is to increase ETH per share while building ETH-denominated revenue sources and operational capacity.

Did SharpLink sell shares at a premium and why does that matter?

Yes. The shares were sold at $17, a 12% premium to the closing market price, with an option to sell more at $17.50 (19% premium). Selling at a premium signals institutional demand and can minimize dilution while raising capital for specific strategic uses like treasury accumulation.

Key Takeaways

• Premium capital raise: SharpLink raised $76.5M at a 12% premium, suggesting institutional appetite for its Ethereum strategy.
• ETH-first treasury: The company holds >840,000 ETH, has staked its holdings, and reports >$900M in unrealized ETH gains (company disclosures).
• Strategic implications: The raise supports further ETH accumulation and may represent a model for public companies integrating staking and tokenization into treasury management.

Conclusion

This equity sale reinforces SharpLink’s position as a prominent corporate ETH holder and demonstrates a concrete, capital-backed move to expand an Ethereum-focused treasury. By raising capital at a premium and allocating proceeds to ETH accumulation and staking, the company is doubling down on a model that treats blockchain assets as operational treasury instruments. For investors and corporate treasurers, SharpLink’s approach is a reference point for how public companies can combine staking yields and token holdings in financial strategy. For further company details, consult SharpLink’s SEC filings and corporate disclosures (company statements). COINOTAG will monitor developments and publish updates as filings and confirmations are released.

Also read: SharpLink Teams with Superstate to Launch Tokenized SBET Stock

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