SharpLink Gaming Files SEC Registration for $1 Billion Stock Offering
SharpLink Gaming has filed with the SEC to offer up to $1 billion in common stock, primarily to acquire Ethereum and implement an Ethereum-based treasury strategy.
- The company previously raised $425 million through a private placement, selling 69 million shares at $6.15 each for initial ETH acquisition.
- Following this announcement, SharpLink's stock price increased over 400%.
- Joseph Lubin, co-founder of Ethereum, will join SharpLink's board as chairman.
- This strategy may lead to increased corporate adoption of Ethereum among other companies.