In a brand new doc filed with the US Securities and Change Fee (SEC), Sharplink Gaming (SBET), backed by Ethereum co-founder Joseph Lubin, introduced that it could elevate $5 billion in new capital to extend its acquisition of Ethereum.
Sharplink Gaming, which traded on the NASDAQ Capital Market underneath the image “SBET”, has renewed its present service agreements to extend its public providing from $1 billion to $6 billion. The newly submitted prospectus complement permits the corporate to promote a further $5 billion in shares by AGP/Alliance International Companions.
The corporate reportedly sells roughly $720 million value of inventory underneath its earlier settlement, and will probably promote a further $279 million value. The $5 billion income underneath the brand new association will likely be used to assist Ethereum investments.
Headquartered in Minneapolis, Sharplink Gaming affords performance-based advertising and marketing providers primarily for on-line betting and on line casino companions. The corporate has been pursuing an built-in progress technique with a cryptocurrency-focused gaming market since early 2025, and goals to succeed in a worldwide gaming viewers by integrating blockchain expertise into its advertising and marketing infrastructure.
*This isn’t funding recommendation.
