Sharplink signs securities purchase agreement to raise 75 million USD to expand ETH reserves and buy back company shares

Odaily reported that Sharplink, a Nasdaq-listed Ethereum treasury company, announced it has signed a securities purchase agreement to sell 10.0134 million shares of common stock and corresponding 10.0134 million common stock warrants, raising a total of approximately $75 million. The funds will be used for working capital, further accumulation of ETH assets, and repurchase of company shares according to the stock buyback plan.

Sharplink also disclosed that, as of June 16, the company held a total of 875,776 ETH. (B2i)