SharpLink Gaming Invests $425 Million in Ethereum through a Private Equity Deal

Gaming company SharpLink Gaming has secured a significant $425 million investment to purchase Ethereum (ETH) for its treasury. The funding, obtained through a private investment in public equity (PIPE) offering, involved selling 69.1 million shares at $6.15 each. This marks one of the largest ETH-focused treasury acquisitions by a publicly traded company, highlighting a growing trend of institutional crypto adoption.