SharpLink Gaming plans $1 billion shelf offering to buy Ethereum.
The offering would involve selling more than 72 million shares priced at $79.21 per share, potentially generating close to a billion dollars in fresh capital.
SharpLink intends to use an 'at the market' approach with the Shelf Offering structure to sell shares gradually, allowing flexibility to adapt to market conditions.
Proceeds from the offering will primarily be used to acquire Ethereum, showing a significant institutional bet on the future of Ethereum and the increasing role of digital assets in traditional finance.