CoinVoice recently learned that SharpLink Gaming (NASDAQ: SBET), a company based in Minnesota, 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 has held over 321,000 ETH (approximately $1.1 billion), making it the current largest corporate holder of Ethereum. This expansion action stems from a $425 million private financing led by Consensys in June, and Consensys CEO and Ethereum co-founder Joseph Lubin has now taken on the role of chairman of the SharpLink board. [Original link]
