This Altcoin's MicroStrategy has applied to the SEC to purchase an additional 5 Billion Dollars worth of coins!

robot
Abstract generation in progress

SharpLink Gaming, supported by Joseph Lubin, one of the co-founders of Ethereum, announced through a new document submitted to the Securities and Exchange Commission (SEC) that it will go for a $5 billion capital increase to boost Ethereum purchases.

SharpLink Gaming, trading under the symbol "SBET" on the Nasdaq Capital Market, has updated its existing sales agreement, increasing its public stock offering from 1 billion dollars to 6 billion dollars. The newly offered prospectus supplement allows the company to conduct an additional stock sale of 5 billion dollars through A.G.P./Alliance Global Partners.

The company reported that it had previously completed a share sale of approximately $720 million under the earlier agreement and could additionally sell shares worth $279 million. It is believed that the $5 billion sale to be made under the new regulation will be used to support Ethereum investments.

SharpLink Gaming, based in Minneapolis, offers performance-based marketing services primarily aimed at online betting and casino partners. Since the beginning of 2025, the company has been following a growth strategy integrated with the crypto-focused gaming market, aiming to reach a global player base by incorporating blockchain technologies into its marketing infrastructure.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)