Sharplink Raises $1 Billion for Ethereum Acquisition

Gaming company Sharplink has announced a groundbreaking stock offering worth up to $1 billion to acquire Ethereum (ETH). The company’s intention is to use a significant portion of these proceeds to purchase Ether, according to their filing with the Securities and Exchange Commission. 72,051,288 shares of common stock will be offered for sale. Assuming an offering price of $79.21 per share based on the last reported Nasdaq trading price, Sharplink aims to raise a total of $1 billion in gross proceeds.