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SharpLink USA to Purchase Large Amounts of Ethereum After Raising 140 Billion Yen

2025/06/01 23:27
CoinPost
Written by L.Kikutani
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SharpLink USA to Purchase Large Amounts of Ethereum After Raising 140 Billion Yen

Increasing Ethereum Holdings

On May 30, SharpLink Gaming, a sports gaming affiliate company listed on the Nasdaq, submitted a Form S-3 ASR to the U.S. Securities and Exchange Commission (SEC) for a stock issuance of up to $1 billion (over 140 billion yen). The company has revealed plans to allocate the majority of the raised funds to purchasing Ethereum (ETH). Prior to this filing, on May 27, SharpLink announced a private placement of approximately $425 million. Major blockchain enterprise Consensys participated as a key investor, along with well-known entities such as ParaFi Capital and Electric Capital.

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.