SharpLink Gaming Inc. (SBET) Stock: Drops Despite $76.5M Premium Equity Deal Backed by Ethereum Vision
TLDR
- SharpLink seals $76.5M ETH-backed equity deal despite market slide.
- Premium $17 share sale lifts SharpLink’s Ethereum-driven vision.
- $78.8M PPC adds capital boost to SharpLink’s ETH-heavy portfolio.
- SharpLink doubles down on Ethereum amid tokenization surge.
- Stock dips 3.4% even as SharpLink secures premium funding deal.
SharpLink Gaming Inc. shares fell steadily throughout the day, losing 3.4% from morning highs near $15.78 to $14.63.
SharpLink Gaming Inc. (SBET)
The decline occurred despite a significant announcement involving a $76.5 million equity deal with an institutional entity. The company structured the transaction at a premium to both its market price and Ethereum-linked net asset value.
The agreement involves the sale of 4.5 million shares at $17.00 each, exceeding the October 15 closing price of $15.15. The premium price also surpasses the company’s estimated ETH-backed net asset value per share. Despite this strategic move, the stock experienced downward momentum throughout the session.
The offering follows a shelf registration declared effective by the SEC on May 30, 2025, under Form S-3ASR. A prospectus supplement will accompany the offering documentation once filed with the SEC. The deal is expected to close on October 17, subject to standard conditions.
Premium Purchase Contract adds another $78.8M potential funding over 90 days
Alongside the share sale, SharpLink granted a 90-day premium purchase contract (PPC) to the same institutional entity. This gives the buyer the right to acquire up to 4.5 million additional shares at $17.50 each, expiring on January 15, 2026. This would raise a further $78.8 million if fully exercised.
This structure allows SharpLink to raise capital above both market value and ETH holdings, while also boosting future financial flexibility. The company expects the transaction to improve Ethereum-per-share metrics for its stakeholders. The PPC term adds a strategic buffer for potential extended capital inflow.
A.G.P./Alliance Global Partners are handling the direct offering and the PPC as the exclusive placement agent. SharpLink’s legal counsel on the deal is Thompson Hine LLP, while A.G.P. is advised by Sullivan & Worcester LLP. The offering will be made solely through the filed prospectus documents.
SharpLink maintains Ethereum-focused strategy amid DeFi and tokenization growth
SharpLink Gaming continues to position itself as a major Ethereum ecosystem advocate and ETH asset holder. The company holds 840,124 ETH, making it one of the largest corporate Ethereum holders globally. This positions it uniquely in a market where tokenized assets and DeFi applications are growing rapidly.
The management reiterated confidence in Ethereum’s long-term relevance across decentralized technologies, payments, and blockchain-based finance. The raised funds are expected to support ETH accumulation and core operations without diluting NAV. This strategy signals continued alignment with Ethereum as a central asset.
SharpLink’s latest moves underline its focus on digital asset-backed equity growth while aiming to increase ETH-per-share metrics. However, the market reaction suggests short-term skepticism despite the premium pricing structure. The stock will likely react further upon the offering’s formal close later this week.
The post SharpLink Gaming Inc. (SBET) Stock: Drops Despite $76.5M Premium Equity Deal Backed by Ethereum Vision appeared first on CoinCentral.
You May Also Like
Pakistan Considers Digital Rupee to Tap $25B Crypto Growth
Highlights: Pakistan is considering a digital rupee and CBDC to cut remittance costs. The crypto market in Pakistan could unlock $25B in new economic growth. The CBDC pilot phase is in development with World Bank and IMF support. Pakistan is moving forward with plans to integrate blockchain technology into its financial system. The nation is considering introducing a rupee-backed stablecoin and central bank digital currency (CBDC). The objectives of these efforts are to reduce remittance costs, modernize access to finances, and promote economic growth. At the Sustainable Development Policy Institute (SDPI) Conference, leading financial authorities outlined the massive growth potential of crypto. They estimate Pakistanis holding up to $30 billion in crypto holdings. The annual crypto trading might soon reach $300 billion, which is nearly equivalent to the total GDP of the country. Zafar Masud, the president of the Pakistan Banks Association, pointed out the booming global stablecoin market. According to him, the nation is capable of exploiting $20-25 billion in the adoption of digital assets. He confirmed that Pakistan is “actively exploring a rupee-backed stablecoin” to increase access and efficiency. A digital rupee would enhance secure cross-border payment and financial inclusion. More than 100 million Pakistani adults are still unbanked, and the innovation is a pressing case. Pakistan Considers Rupee-Backed Stablecoin Amid $25B Loss Warnings Pakistani regulators are actively exploring the development of a sovereign-backed digital currency amid growing recognition of the transformative potential of cryptocurrencies and bloc…https://t.co/CVr2s8UeoU pic.twitter.com/Fma8WTIGP3 — Crypto Breaking News (@CryptoBreakNews) November 8, 2025 CBDC Prototype Underway The State Bank of Pakistan is proceeding with the development of its digital currency. Faisal Mazhar, the Deputy Director of Payments, revealed that a prototype of CBDC is underway. Additionally, the World Bank and International Monetary Fund are assisting this initiative. He further added that there would be a pilot phase before the full rollout of the currency. The CBDC is expected to make remittances cheaper and financial services more accessible across the country. According to the global specialist Yara Wu, such technology would make remittances faster, secure, and cheaper. Sajid Amin of SDPI emphasized the necessity of having proper regulation. He noted the relevance of cybersecurity, digital literacy, and risk management to safeguard consumers and investors. Fintech Innovation Fuels Growth The fintech industry in Pakistan is also on the rise. ZAR, a start-up that provides dollar-backed stablecoins, recently raised $12.9 million. Top investors, such as Andreessen Horowitz, Coinbase Ventures, and Dragonfly Capital, were the source of funding. ZAR has raised $12.9 million to bring ROCK. SOLID. DOLLARS. to the Global South Led by @a16zcrypto, with @dragonfly_xyz, @vaneck_us, @cbVentures, and Endeavor Catalyst. pic.twitter.com/0DKOlWMwSO — ZAR (@zardotapp) October 28, 2025 ZAR is dedicated to making stablecoins accessible to underserved populations in Pakistan. Their mission focuses on bridging the financial gap in emerging markets. Moreover, the firm is seeking to assist millions of people who have yet to access traditional banking services. In addition, this move matches government-led digital finance initiatives. The increased adoption is a positive sign of increasing cryptocurrency interest in Pakistan. Pakistan moved to the third position globally in the 2025 Global Crypto Adoption Index by Chainalysis. To build further on this momentum, Pakistan established a regulatory framework regarding virtual asset services. Licensing and supervision are being managed by the Pakistan Virtual Asset Regulatory Authority (PVARA). Firms have to comply with stringent compliance criteria under the Virtual Assets Ordinance 2025. These include the anti-money laundering (AML), know-your-customer (KYC), and counter-terrorism financing measures. This goal is to create a regulated, safe digital economy. Furthermore, PVARA also encouraged international crypto exchanges and service providers to apply for licenses in September. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
1confirmation founder: A Silicon Valley VC who has been trying to control the crypto industry but has not succeeded.
