SharpLink Gaming has completed a $425 million private funding round, with ConsenSys leading the investment.

BlockBeats News, June 2nd, According to official sources, SharpLink Gaming has completed a $425 million private funding round, with Consensys leading the investment. SharpLink plans to use the proceeds to purchase ETH and hold it as its primary treasury reserve asset.

「Private Funding Round」 or 「Private Placement」 refers to a company raising funds by privately issuing shares or bonds to specific investors (such as institutional investors, whales, etc.) instead of raising funds through the public market.