SharpLink Gaming is selling shares to raise up to 1 billion dollars to buy Ethereum.

SharpLink Gaming has filed with the SEC to implement a Shelf Offering (, a method by which a company can sign up with the securities regulatory authority to sell its shares over a long period without needing to issue a complete prospectus each time ), aiming to raise up to 1 billion USD, with most of the funds allocated for purchasing Ethereum (ETH). The offering will include over 72 million shares, priced at the current market value of 79.21 USD/share. If completed, the company could raise nearly 1 billion USD in new capital.

SharpLink will use the ATM issuance method ( at the current price at the time of the transaction ), allowing for the direct sale of shares at market price, creating flexibility to adapt to market conditions. The majority of the funds raised will be used to purchase Ethereum, while the remainder will be allocated for business operations and marketing.

This move shows that SharpLink is making a big bet on the future of Ethereum, while also highlighting the increasingly important role of cryptocurrency in traditional finance and business strategy.