Sharplink Gaming Files $1 Billion Shelf Offering To Purchase Ethereum
On May 30, 2025, Sharplink Gaming, a top technology company, took a big step with a $1 billion shelf registration.
The SEC filing reveals that the company aims to purchase Ethereum with the proceeds which is a new approach for its treasury strategy.
This company is reinforcing its blockchain plans by purchasing another $1 billion worth of Ether after purchasing $425 million of the digital asset earlier this week.
The company’s push to use blockchain and digital assets in iGaming is becoming stronger.
As a result of this registration, it can issue shares like common stock and preferred shares and other securities at any time as needed.
The company has $1 billion worth of “at-the-market” agreements with Alliance Global Partners (AGP) to sell stock as required.
Both sides can spend the funds immediately, after agreeing to the terms in this contract. With its Sharplink Gaming Ethereum approach, the company seeks to make Ether the center of its treasury reserve in place of cash.
It feels that, over time, Ethereum will better suit their business needs. In contrast, Meta shareholders vote against Bitcoin treasury assessment plan, signaling a more cautious approach from other tech giants
