According to TechFlame, according to official sources, SharpLink Gaming, Inc. (NASDAQ: SBET) announced today that it has signed securities purchase agreements with five of the world's top institutional investors to successfully raise $400 million through registered direct issuance. As of August 10, 2025, the company holds approximately 598,800 Ethereum (ETH), plus about $200 million in ATM financing that has not yet been allocated, and the total value of its ETH holdings is expected to exceed $3 billion. Joseph Chalom, Co-CEO of SharpLink, said: “The funding scale of nearly $900 million over the past week confirms the market's slight confidence in our Ethereum fiscal policy. The speed and volume of these investments not only reflects trust in SharpLink, but also the market's broad acceptance of Ethereum's transformative potential.” Key terms of the deal: Issue price: $21.76 per share (in line with NASDAQ market price rules); Total amount raised: approximately US$400 million before deducting underwriting commissions; Expected delivery date: Around August 12, 2025 (subject to normal delivery conditions).