SharpLink Gaming Announces $1 Billion ETH Purchase to Strengthen Corporate Treasury Strategy

US sports betting platform SharpLink Gaming has filed a Securities and Exchange Commission (SEC) document revealing plans to raise up to $1 billion in new stock offerings. This funding will be directed towards acquiring Ether, the cryptocurrency native to the Ethereum blockchain commonly known as ETH. The company intends to use these funds for both investing in Ether and supporting its core business operations.