SharpLink Gaming, Inc. has announced a $425 million private placement to adopt an Ethereum Treasury Strategy, with Joe Lubin of Consensys joining as Chairman post-closing.
Information on the Target
SharpLink Gaming, Inc. (NASDAQ:SBET) is a pioneering online performance-based marketing company headquartered in Minneapolis, Minnesota. The company specializes in the U.S. sports betting and global iGaming industries, utilizing its extensive affiliate marketing network, PAS.net, to drive qualified traffic, enhance player acquisition, improve retention, and facilitate conversions for regulated global iGaming operators. SharpLink's portfolio also includes state-specific websites designed to attract, acquire, and direct local sports betting and casino gaming traffic to its partners.
Recently, SharpLink announced a private placement of approximately $425 million, aiming to establish an Ethereum Treasury Strategy. This initiative seeks to further deepen SharpLink's involvement in the evolving cryptocurrency landscape, particularly by utilizing Ethereum (ETH) as its primary treasury reserve asset.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Target’s Specific Country
The U.S. iGaming industry is experiencing unprecedented growth, driven by favorable regulatory changes and increasing consumer interest in online gaming. As
Similar Deals
TPG → Thrive Financial Inc.
2026
Marvell Technology, Inc. → XConn Technologies
2026
Consensys Software Inc.
invested in
SharpLink Gaming, Inc.
in 2025
in a Other deal
Disclosed details
Transaction Size: $425M