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SharpLink launches Ethereum treasury, taps Joe Lubin as board chair

  • SharpLink Gaming launched an Ethereum-based corporate treasury strategy and appointed Ethereum co-founder Joseph Lubin as chairman of its board of directors.
  • The company entered into a securities purchase agreement for a $425 million private investment in public equity, with Consensys among the investors.
  • Various major investors, including Consensys and several venture capital firms, participated in the deal, set to close around May 29.
  • SharpLink Gaming's stock surged by approximately 400%, reaching nearly $33.50, with plans to utilize the raised funds for an Ether treasury and general corporate purposes.

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