🚨 SharpLink Files $1B Shelf Offering — ETH the Big Winner? 🚨
SharpLink Gaming (NASDAQ: $SBET) is making headlines after filing a Form S-3 with the SEC, setting the stage for a $1 billion shelf offering via an At-The-Market (ATM) agreement with A.G.P./Alliance Global Partners.
📊 Key Details:
Up to 72M+ shares may be sold at market prices (~$79.21/share).
Proceeds will be used to:
🟣 Buy Ethereum (ETH)
🟡 Fund working capital and ops
🔵 Cover general corporate needs
This move follows a $425M private placement (May 27, 2025), led by ConsenSys, to build out SharpLink's Ethereum treasury strategy. Notably, Joseph Lubin, Ethereum co-founder, has joined as Board Chairman — adding massive weight to their ETH pivot.