SharpLink Invests $425 Million in Ethereum Treasury, Joe Lubin Joins as Board Chair

Gaming company SharpLink has secured a substantial $425 million investment to fuel its transition towards using Ethereum as the primary asset for its treasury. This strategic move involves issuing 69.1 million shares at $6.15 each, with a target completion date of May 29, 2025. The announcement has sparked a significant surge in both SharpLink’s stock price and Ethereum’s price, indicating strong investor confidence in the company’s decision.