SharpLink Gaming Plans $1 Billion Shelf Offering to Buy Ethereum

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.

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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.

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