SharpLink Bets Big On Ethereum: $200M Raised To | Crypto News
SharpLink Gaming has announced a $200 million capital raise aimed at increasing its Ethereum treasury. As ETH solidifies its position as programmable money and a yield-bearing asset through staking, SharpLink is betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native belongings.
Why SharpLink Is Going All-In On Ethereum
In an X post, SharpLink Gaming shared an update stating that the company has secured $200 million capital raise through a direct offering priced at $19.50 per share, and has been backed by 4 global institutional traders.
According to the company, the capital can be strategically deployed to develop its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, putting it among the most ETH-heavy company treasuries globally.
The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and constantly growing ETH-per-share for long-term shareholders. Ethereum is turning into the foundational layer of global finance infrastructure for tokenized belongings, and SharpLink is constructed to seize that upside.
According to the DuRtY_Crypto post, Vitalik Buterin lately identified that ETH treasuries are more and more beneficial, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of merely shopping for ETH and holding it, traders are turning to firms that maintain and handle ETH treasuries.
DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who rapidly celebrated the mainstream validation. The PulseChain Sacrifice Wallet has skyrocketed to turn out to be the Fifth-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the pockets was already commanding consideration as the biggest DAI holder across all chains. Thus, the skilled has recommended Richard Heart, the controversial determine behind PulseChain, for executing a strategic pivot that few noticed coming.Â
Ethereum Activity Heats Up As Transaction Volume Nears ATH
While distinguished figures are raising capital and growing the ETH treasury’s worth, CoinW has also revealed that Ethereum on-chain momentum is surging again. According to data from Etherscan, the community processed 1.87 million transactions on Aug sixth, nearing its all-time high of 1.96 million, which was set back in January 2024.
Meanwhile, the validator queue data reveals the ETH pOs exit queue has dropped considerably to 443,164 ETH, price roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours.
With UK regulators formally lifting the ban on crypto exchange-traded notes (cETNs) for retail traders, as reported by CoinW, Ethereum’s efficiency might expertise notable growth. This transfer alerts a major coverage shift toward embracing digital asset markets. Furthermore, it can permit people to interact in these risk-bearing financial merchandise at their discretion, a transfer seen as aligning the UK more carefully with the global crypto market.
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