SharpLink Don Raise $2.6B to Expand Ethereum Treasury
SharpLink Gaming don raise more than $2.6 billion for 2025 through PIPE, ATM and direct offer wey be $200 million to expand im Ethereum treasury. Di company dey hold 728,804 ETH wey worth like $3.5 billion and dem don stake almost all di reserve, wey don generate 1,326 ETH as passive rewards. Ethereum co-founder Joseph Lubin don join as board chair and former BlackRock executive Joseph Chalom as co-CEO, plus dem get strategic partnership with Consensys to boost dem staking services. For Q2 2025, SharpLink report $0.7 million revenue, non-cash impairment of $87.8 million on liquid-staked ETH, and $103 million paper loss for gaming sector, but management still dey hold their strong belief strategy. By focusing on Ethereum reserves and tokenization services, SharpLink dey position itself as one of di biggest public corporate holders of ETH and e dey show strong bullish belief for Ethereum long-term growth.
Bullish
SharpLink dey run aggressive $2.6 billion fundraising plus gather 728,804 ETH, combined with almost 100% staking plus passive rewards, e show say di institutional demand for Ethereum strong. Di leadership by Ethereum co-founder Joseph Lubin plus di partnership with Consensys dey make their staking infrastructure beta. Even though dem get impairment and gaming loss for Q2, di company commitment to grow dia Ethereum treasury and tokenization services dey limit sell pressure and still support long-term ETH scarcity. Dis structure fit drive both short-term buying pressure and steady bullish sentiment for ETH market.