Consensys to help SharpLink build its ETH treasury by leading $425 million private placement

Description

Consensys is leading a $425 million private placement to support SharpLink’s goal of building the largest Ethereum treasury among public companies. As part of the deal, Consensys CEO Joseph Lubin will join SharpLink’s board as chairman.

Authors

MK Manoylov

Publish date

June 2, 2025

Publisher

The Block

Web archive URL

https://archive.is/4GotG

Web URL

https://www.theblock.co/post/356597/consensys-to-help-sharplink-build-its-eth-treasury-by-leading-425-million-private-placement

Referenced by

Consensys leads SharpLink’s $425M funding round

Crypto news

News story

Consensys Software, a crypto infrastructure firm developing the popular digital wallet MetaMask, led a $425 million private placement for SharpLink Gaming, a Minnesota-based affiliate marketing firm for online casino gaming operators and sportsbooks.

Crypto news

Quote

The private placement lets SharpLink acquire ethereum as its primary reserve asset as well as to enter Ethereum protocol activities such as staking and decentralized finance, according to a company release.

Crypto news

Quote