SharpLink Raises $1 Billion for Ethereum Acquisition via Shelf Offering

Gaming company, SharpLink, has announced a strategic move to raise up to $1 billion through a shelf offering. This flexible financing structure allows them to sell shares gradually at prevailing market prices, with the potential for over 72 million shares being sold if the offering fully executes. The proceeds will primarily fund the acquisition of Ethereum, solidifying SharpLink’s position among companies actively integrating crypto into their treasury strategies. The company intends to allocate remaining funds toward operational costs, marketing initiatives, and general corporate needs.