Odaily Planet Daily reports that SharpLink Gaming, a company based in Minnesota, USA (NASDAQ: SBET), has submitted an updated prospectus to the U.S. Securities and Exchange Commission (SEC), planning to issue an additional $5 billion in common stock on top of the originally planned $1 billion to further purchase Ethereum (ETH) for the company's treasury. As of July 16, the company holds over 321,000 ETH (approximately $1.1 billion), making it the largest corporate holder of Ethereum. This expansion action stems from a $425 million private placement financing led by Consensys in June, with Consensys CEO and Ethereum co-founder Joseph Lubin now serving as the chairman of the SharpLink board.

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