SharpLink is suspected to have raised $200 million to buy ETH and pledge
TechFlame
2025-08-11 01:02
TechFlame2025-08-11 01:02
English
TechFlame reports that, according to Ember Monitoring, a new wallet extracted 52,809 ETH (approximately $220 million) from Coinbase Prime and distributed them to 8 wallets for Ethereum staking. One of the receiving addresses was confirmed as a known address for SharpLink (stock code: SBET).
SharpLink just completed a $200 million share financing last Friday (August 9). This ETH transfer transaction may be related to the allocation of funds raised. If true, SharpLink currently holds 621,000 ETH, worth about US$2.65 billion, and the average purchase price is about US$3,226.