SharpLink Gaming has filed with the SEC to offer up to $1 billion in common stock to increase its holdings in its new Ethereum treasury.
Joseph Lubin, one of the co-founders of ETH, has joined SharpLink's board of directors as part of the fundraising efforts.
SharpLink Gaming announced a $425 million private equity investment to build a substantial Ethereum treasury and filed with the SEC to raise up to $1 billion through a common stock offering.
Companies like Pantera Capital, Electric Capital, and Joseph Lubin are backing SharpLink's transition to increase its Ethereum holdings, reflecting a trend of corporations moving towards digital asset treasury strategies.