What to know:
- SharpLink Gaming just raised $200 million to buy more ETH… because who doesn’t want to hoard digital money like it’s the 18th century?
- They’re aiming for a $2B ETH hoard-because “treasure chest” just isn’t scary enough anymore.
- Now they’re staking ETH like it’s a blood bank for the blockchain. Next up: crypto werewolves?
SharpLink Gaming (SBET), a Nasdaq-listed “ether treasury firm” (read: crypto vampire), just raised $200 million to buy more ETH. Their goal? To turn their ETH stash into a $2B monster. Because why invest in a mansion when you can invest in a digital coin that might crash? 🤷♂️
This Minneapolis-based company signed a deal with four deep-pocketed investors (probably the ones who still think crypto is a folder in their browser history). They’re selling shares at $19.50 each, because nothing says “confidence” like charging $19.50 for a gamble.
Right now, they’ve got 521,939 ETH-worth just under $2B, assuming ETH doesn’t go to zero tomorrow. (Spoiler: it might.) At $3,830.65 per ETH, they’re basically the crypto version of Dracula, just… less fangs, more fees.
SharpLink’s shares jumped 3.3% to $22.97 after ETH rallied 4.5% to $3,800. Because nothing spookies investors more than a coin that’s already lost 80% of its value in 2022. 🦇
SharpLink is now part of a growing trend of companies staking ETH like it’s a savings account. The rewards? More ETH! Because nothing says “financial security” like betting your entire treasury on a coin that’s more volatile than a TikTok trend. 🚀
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2025-08-07 19:51