SharpLink Gets Nasdaq OK on ATM ETH Buys Without Vote
SharpLink, a publicly traded digital asset treasury company, confirmed its Nasdaq compliance, stating that ETH purchases via its ATM (At-The-Market) offering do not require additional shareholder approval. The firm reiterated its funding strategy—raising capital only when accretive to shareholders—and emphasized it has never used ATM financing below net asset value. As Nasdaq increases scrutiny on new DAT (Digital Asset Treasury) firms’ methods of issuing new shares for crypto acquisitions, SharpLink underscored that these stricter standards do not apply to its operations. The announcement reaffirms the separation between routine asset allocations and shareholder decisions, reinforcing Nasdaq compliance in expanding its Ethereum holdings.
Bullish
The announcement that SharpLink can use its ATM offering for ETH purchases without further shareholder approval is likely bullish for the market. By confirming Nasdaq compliance, the firm reduces regulatory uncertainty and signals a streamlined process for expanding its Ethereum holdings. Historically, when digital asset treasury firms like MicroStrategy and Grayscale have secured clear regulatory paths or product approvals, their asset accumulation has spurred positive market sentiment and price rallies. In the short term, traders may anticipate increased ETH demand as SharpLink ramps up purchases, potentially lifting prices. Over the long term, clear compliance pathways for DAT firms can attract institutional interest, enhance market stability, and support sustained upside in ETH trading and valuation.