SharpLink Gaming expects ETH holdings to exceed $3B following offering

SharpLink Gaming (SBET)entered into securities purchase agreements for an aggregate of $400 million with five global institutional investors, some of which are among the largest in the world. Combined with current Ether holdings of approximately 598,800 ETH as of Sunday, August 10, 2025, and approximately $200 million in ATM proceeds yet to be deployed, the Company’s ETH holdings are expected to exceed $3 billion in value. The purchase agreements, pursuant to a registered direct offering priced at $21.76 per share will result in gross proceeds of approximately $400 million before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about August 12, 2025, subject to the satisfaction of customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. Cantor is acting as financial advisor to the Company.