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@capitanozan
SharpLink Gaming Transitions to Ethereum Treasury Strategy with $425 Million Private Placement On May 27, 2025, U.S.-based SharpLink Gaming (NASDAQ: SBET) announced a strategic move to adopt Ethereum as its primary treasury reserve asset. As part of this initiative, the company disclosed that it has secured a $425 million private investment (PIPE - Public Investment in Private Equity). This funding will support SharpLink’s new financial direction and enable the official integration of Ethereum into its balance sheet. Investment Details: Over 69 million shares were sold at a price range of $6.15–$6.72 per share. Total expected gross proceeds: $425 million. Notable crypto and tech-focused funds participating in the round include: @consensys Software Inc. (as the lead investor), ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital, Republic, GSR, Hivemind, Hypersphere, Primitive Ventures, and White Star Capital.
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ozmoz.base.eth pfp
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@capitanozan
@ethereum Strategy Following this investment, SharpLink plans to use ETH to: Reshape its corporate asset management approach, Directly support developments in the Ethereum ecosystem, And officially adopt Ethereum as its primary reserve asset. As part of this plan, @ethereumjoseph co-founder of @ethereum and CEO of @consensys will be appointed Chairman of the Board of SharpLink upon the closing of the investment round. --- Broader Significance: This move is seen as a major milestone in the institutional adoption of Ethereum. A publicly traded U.S. company integrating ETH into its treasury strategy sends a strong signal about the growing acceptance of Ethereum in corporate finance. Furthermore, Joseph Lubin’s appointment as Chairman reflects a deepening commitment to an Ethereum-centric strategic vision.
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