The transaction is expected to close on or around October 17, pending customary conditions.
SharpLink Gaming Inc. (SBET) announced on Thursday that it has signed a securities purchase agreement with an institutional investor for the sale of 4.5 million common shares at $17.00 each, marking a 12% premium over the closing price on October 15.
The transaction is expected to close on or around October 17, 2025, pending customary conditions. The company expects $76.5 million in proceeds from the offering.
Alongside the initial investment, the institutional buyer secured a 90-day premium purchase contract (PPC) to acquire up to another 4.5 million shares at $17.50 per share. If fully exercised before its Jan. 15, 2026, expiration, SharpLink could raise an additional $78.8 million in gross proceeds.
After the announcement, SharpLink Gaming stock traded over 3% higher on Thursday, after the morning bell. However, on Stocktwits, retail sentiment around the stock remained in ‘bearish’ territory amid ‘low’ message volume levels.
SharpLink, which has built a significant ETH portfolio, has consistently framed its Ethereum exposure as a core component of its strategy. The company’s current ETH holdings stand at 840,124. “By raising equity at a meaningful premium to both market price and NAV, we’re able to continue accumulating ETH and increasing ETH-per-share for our investors,” said Co-CEO Joseph Chalom.
Additionally, Citizens JMP has initiated coverage of SharpLink Gaming with an ‘Outperform’ rating and a price target of $50 per share, representing an upside potential of more than 200% from current trading levels, citing the company’s unique position within the Ethereum ecosystem, according to TheFly.
SharpLink Gaming stock has gained over 101% in 2025 and over 65% in the last 12 months.
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