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SharpLink Gaming Plans $1 Billion Shelf Offering to Buy Ethereum

  • 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.

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