Sharplink signs a securities purchase agreement to raise $75 million to expand ETH reserves and repurchase company stock

The Nasdaq-listed Ethereum treasury company Sharplink announced that it has signed a securities purchase agreement to sell 10,013,400 shares of common stock and corresponding warrants for 10,013,400 shares of common stock, raising approximately $75 million in total. The funds will be used for working capital, to continue accumulating ETH assets, and to repurchase company shares under the stock repurchase plan.

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