SharpLink Completes $400 Million Private Placement and Holds Nearly 600,000 ETH

The company completed a $400 million private placement at $21.76 per share, led by five global institutional investors. The company holds approximately 598,800 ETH and has approximately $200 million in ATM proceeds remaining undistributed. Once fully deployed as planned, the market value of its ETH holdings is expected to exceed $3 billion.