SharpLink Gaming Inc. (NASDAQ: SBET) has announced a significant private placement, securing approximately $425,000,000 through the sale of 69,100,313 shares of common stock at a price of $6.15 per share. The investment round, known as a private investment in public equity $(PIPE)$, was led by Consensys Software Inc., with participation from prominent crypto venture capital firms and infrastructure providers such as ParaFi Capital, Electric Capital, and Pantera Capital, among others. This strategic move will see Joseph Lubin, the Founder and CEO of Consensys and Co-Founder of Ethereum, become the Chairman of SharpLink's Board of Directors. The funds raised will be used to initiate an Ethereum Treasury Strategy, with Consensys set to act as a strategic advisor to explore and develop this initiative alongside SharpLink's core business.
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