Sharplink Gaming’s expanded $6B share offering could buy 1% of ETH
The company holds more than 280,000 ETH in its treasury. It has bought ETH worth $515M in the past nine days.
Joseph Lubin-backed SharpLink Gaming has drastically increased the equity it intends to sell to scoop up more Ether — and has added $515 million of Ether (ETH) to its treasury in just the last nine days.
In a prospectus supplement filed with the US Securities and Exchange Commission on Thursday, SharpLink said it has increased the amount of common stock it can sell by an extra $5 billion, up from $1 billion under its initial May 30 filing.
Similar to its prior prospectus, SharpLink said it will use the majority of the proceeds to acquire Ether.
