BlockBeats News, October 16th, SharpLink announced that "by issuing shares at $17 per share (a 12% premium to the market price), we successfully raised $76.5 million; additionally, through an innovative 90-day premium purchase contract (at $17.5 per share, a 19% premium to the market price), we are expected to raise an additional $79 million."
The raised $76.5 million will be used to increase ETH holdings, continuing SBET's growth trajectory and ETH accumulation strategy."