List of Flash News about $76.5M raise
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2025-10-16 13:11 |
SharpLink (SBET) Raises $76.5M to Buy More ETH (ETH); Investor Pays 12% Premium and Gets 90-Day $17.50 Call Option
According to @MilkRoadDaily, SharpLink raised $76.5 million with the stated intent to purchase additional ETH (ETH), pointing to direct corporate crypto accumulation as a near-term catalyst, source: @MilkRoadDaily on X, Oct 16, 2025; source: SharpLink Gaming on X. An investor acquired SBET shares at $17 while the stock traded near $15.15, reflecting a roughly 12% premium at execution, source: @MilkRoadDaily on X, Oct 16, 2025. The deal also grants a 90-day call option with a $17.50 strike, creating explicit upside exposure within a defined window, source: @MilkRoadDaily on X, Oct 16, 2025. @MilkRoadDaily characterizes the structure as signaling expectations for SBET to move well above $17.50 within 90 days, which traders can use as reference levels ($17 cash purchase and $17.50 strike) for risk framing and breakout monitoring, source: @MilkRoadDaily on X, Oct 16, 2025. |