Latham & Watkins Represents ParaFi Capital in US$425 Million Private Placement for SharpLink Gaming

SharpLink Gaming, Inc. (Nasdaq: SBET) has announced the closing of a US$425 million private placement (funded in a combination of fiat and ETH) led by Consensys Software Inc. and other investors including Parafi Capital to help SharpLink implement the largest Ethereum treasury strategy in the public markets. Joseph Lubin, founder and CEO of Consensys and co-founder of Ethereum, became chairman of the board of directors of the company upon the closing of the transaction.

The offering included participation by prominent crypto venture capital firms and infrastructure providers such as ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital among others, including Rob Phythian, SharpLink’s CEO, and Robert DeLucia, SharpLink’s CFO.

Latham & Watkins LLP represents ParaFi Capital in the transaction with a deal team led by partners Ivana Rouse, Nima Movahedi, Haim Zaltzman, and Aaron Gilbride.