SharpLink Gaming has filed with the U.S. Securities and Exchange Commission to offer up to $1 billion in common stock. The company plans to use a major portion of the raised funds to expand its recently launched Ether treasury signaling strong confidence in the future of Ethereum and the broader crypto market.

The filing submitted under Form S-3 ASR allows SharpLink to raise capital flexibly in the future without needing prior approvals. The company confirmed that while a large part of the proceeds will go toward purchasing Ethereum the remaining funds will support general business operations. This bold move highlights a growing trend of public companies turning to crypto assets as a key part of their financial strategy.

SEC Filing