SharpLink to Issue Up to $6 Billion in Stock for Additional Ethereum Purchases

2025/07/18 10:36
CoinPost
Written by L.Kikutani
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SharpLink to Issue Up to $6 Billion in Stock for Additional Ethereum Purchases

Scaling Up Fundraising Sixfold

SharpLink Gaming (SBET), listed on NASDAQ, announced on the 18th that it has increased its common stock issuance limit to $6 billion. This expansion of the fundraising framework comes through an ATM (at-the-market) agreement with brokerage firm A.G.P. Approximately $721 million worth of shares have already been sold, with the funds being utilized for Ethereum acquisitions, affiliate business operations, and other business capital needs. Most recently, on July 16, an additional 20,279 ETH (equivalent to $68.38 million) was purchased, bringing the total ETH holdings to approximately 321,000 ETH. The company made an official announcement on the 15th about activities from the 7th to the 13th of this month...

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日本暗号資産ビジネス協会 Japan Cryptoasset Business Association
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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.