SharpLink Gaming Plans $1 Billion Shelf Offering to Buy Ethereum
SharpLink Gaming has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Shelf Offering that could raise up to $1 billion, with a substantial portion earmarked for Ethereum (ETH) purchases.
The company disclosed that the offering would involve the potential sale of more than 72 million shares, priced based on the current market value of $79.21 per share. If fully executed, the offering could generate close to a billion dollars in fresh capital.
Flexible Fundraising Strategy
Through the Shelf Offering structure, SharpLink intends to sell shares gradually, rather than all at once, using an “at the market” (ATM) offering approach. This method allows the company to issue shares directly to investors at prevailing market prices, offering flexibility to adapt to market conditions.
Major Crypto Investment Ahead
According to the filing, the primary use of proceeds will be to acquire Ethereum, positioning the company among a growing list of firms integrating crypto into their treasury strategy. The remaining funds will be directed toward working capital, operational costs, general corporate needs, and affiliate marketing initiatives.
SharpLink’s move signals a bold institutional bet on Ethereum’s future, further highlighting the increasing role of digital assets in traditional finance and public company balance sheets.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
