Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SharpLink Gaming has announced a $200 million capital raise aimed at expanding its Ethereum treasury. As ETH solidifies its role as programmable money and a yield-bearing asset through staking, SharpLinkis betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native assets. 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 four global institutionalinvestors. Related Reading SharpLink Buys the Dip and Adds $100M-Worth of $ETH to its Treasury as $BEST Stands to Gain 5 days ago
According to the company, the capital will be strategically deployed to expand its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, placing it among the most ETH-heavy corporate treasuries globally.
The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and consistently growing ETH-per-share for long-term shareholders. Ethereum is becoming the foundational layer of global finance infrastructure for tokenized assets, and SharpLink is built to capture that upside.
According to the DuRtY_Crypto post, Vitalik Buterin recently pointed out that ETH treasuries are increasingly valuable, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of simply buying ETH and holding it, investors are turning to companies that hold and manage ETH treasuries.
DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who quickly celebrated the mainstream validation. The PulseChain Sacrifice Wallethas skyrocketed to become the 5th-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the wallet was already commanding attention as the largest DAI holder across all chains. Thus, the expert has commended Richard Heart, the controversial figure behind PulseChain, for executing a strategic pivot that few saw coming. Ethereum Activity Heats Up As Transaction Volume Nears ATH
While prominent figures are raising capital and increasing the ETH treasury’s value, CoinW has also revealedthat Ethereum on-chain momentum is surging again. According to data from Etherscan, the network processed 1.87 million transactions on Aug 6th, nearing its all-time highof 1.96 million, which was set back in January 2024. Related Reading Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble 2 days ago
Meanwhile, the validator queue data shows the ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours.
With UK regulators officially lifting the ban on crypto exchange-traded notes (cETNs) for retail investors, as reported by CoinW, Ethereum’s performance may experience notable growth. This move signals a majorpolicy shift toward embracing digital asset markets. Furthermore, it will allow individuals to engage in these risk-bearing financial products at their discretion, a move seen as aligning the UK more closely with the global crypto market. ETH trading at $3,912 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com