Publicly traded SharpLink Gaming successfully raised $200 million in a private placement led by four global institutional investors. The capital will be used to grow its Ethereum (ETH) treasury, which is expected to surpass $2 billion in value once invested. SharpLink has already increased its Ethereum holdings by more than 18,000 ETH, bringing its total close to 500,000 ETH. This demonstrates rising institutional trust in Ethereum and SharpLink’s dedication to holding ETH as a key reserve asset in its portfolio.
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