Ethereum Whale SharpLink raises $76.5 million in premium financing! The first to create a 90-day premium purchase contract, continuously increasing ETH strategy.

One of the world's largest Ethereum holders, SharpLink Gaming, Inc. [Nasdaq: SBET], announced the successful raising of $76.5 million through a registered direct equity issuance, with an issuance price of $17 per share, a 12% premium over the closing price on October 15. This fundraising from institutional investors is one of the few equity financings completed at a premium to market price and net asset value (NAV) in the digital asset treasury (DAT) ecosystem. In addition, SharpLink has also pioneered a 90-day premium purchase contract (PPC), allowing investors to purchase an additional 4.5 million shares at a premium price of $17.50, with total potential fundraising expected to exceed $155 million.

Innovative Equity Structure: Premium Fundraising Strengthens the “Per Share ETH” Strategy

SharpLink's fundraising not only has a price higher than the market price, but also innovatively designed a premium purchase contract, aimed at maximizing shareholder value.

· 12% premium recognized by institutions

This issuance sold 4.5 million shares of common stock to an institutional investor at an offering price of $17, a 12% premium over the closing price of $15.15 on October 15.

SharpLink Co-CEO Joseph Chalom referred to it as "an innovative equity sale transaction** that reflects** the strong confidence of institutions in its long-term vision.

· Pioneer 90-day premium purchase contract

Investors also received a 90-day Premium Purchase Contract (PPC), allowing them to purchase up to an additional 4.5 million shares at a price of $17.50 per share (a 19% premium over the Closing Price).

If fully exercised before the expiration on January 15, 2026, PPC will generate an additional $78 million in revenue, and the total financing amount may exceed $155 million.

· Ethereum-based treasury strategy

Chalom indicates that by conducting equity financing at a premium above the market price and NAV, the company can continue to accumulate Ethereum and enhance the “per share ETH” value for investors.

SharpLink is committed to building the most trusted and long-term focused vault in the Ethereum ecosystem.

Strategic Outlook: ETH Adoption Accelerates, Focus on Fundamental-driven Growth

The Co-CEO of SharpLink emphasized at the DAS 2025 London Summit that the next phase of institutional adoption will be driven by fundamentals, not speculation.

· ETH as the core enterprise treasury asset

Chalom emphasized that the retail and institutional adoption of Ethereum in the stablecoin, tokenized asset, and DeFi sectors is accelerating, reiterating the company's bullish stance on ETH as a core corporate treasury asset.

· Capital deployment and stock price performance

The $76.5 million raised will be used to enhance SharpLink's “per share ETH” ratio and expand its Ethereum treasury holdings.

SharpLink [Nasdaq: SBET]'s stock price has surged 435% in the past six months, with a market capitalization reaching $2.9 billion, reflecting an increase in institutional confidence after premium fundraising. Despite fluctuations in stock price earlier this year, investors maintain strong confidence in its commitment to increase per-share Ether holdings.

Conclusion

SharpLink's huge equity financing completed at a premium not only provides ample ammunition for the company to expand its Ether treasury, but also showcases the innovative model of equity financing in the digital asset treasury ecosystem through the pioneering PPC contract. Against the backdrop of accelerating institutional adoption of ETH, SharpLink adheres to the strategy of maximizing the value of “per share ETH”, greatly enhancing its leadership position in the Ethereum ecosystem, signaling that **fundamentally driven institutional growth will become the next stage market theme.

This article is news information and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.