SharpLink Gaming to Raise $1 Billion for Ethereum Treasury

US-based company SharpLink Gaming is preparing to raise up to $1 billion through a stock offering to acquire more Ethereum (ETH). This funding will bolster its existing treasury of the digital asset. The company plans to issue up to 72.05 million shares under the symbol “SBET,” with an estimated sale price of $79.21 per share, according to an SEC filing. The actual number of shares issued will depend on the final pricing and demand.