Sharplink to raise $75M for more ETH, share buybacks

Sharplink (SBET), a Nasdaq-listed company that strategically buys Ethereum, announced it has entered into a securities purchase agreement to raise approximately $75 million. The company plans to issue 10,013,400 common shares and an equal number of warrants. The proceeds will be used for working capital, additional ETH purchases, and share buybacks. Sharplink also disclosed that it held a total of 875,776 ETH as of June 16.