We are proud to announce that, with the closing of the $425 million private placement led by @Consensys, SharpLink will become the largest publicly traded ETH holder globally. Sharplink shares our vision of @Ethereum as a new kind of economic infrastructure and will use the proceeds to adopt ETH as their primary treasury reserve asset. 🧵
As part of this strategic partnership, @ethereumJoseph became Chairman of the Board. SharpLink is backed by a strong group of investors, including: ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital.
This partnership represents more than just a financial milestone: it reflects the growing recognition across capital markets that programmable assets like ETH play an important role today in how value, trust, and financial systems are structured globally.
Read the full announcement: https://consensys.io/blog/cons...