Sharplink Gaming adds $5B to stock sale plan for Ethereum purchases

Sharplink Gaming, a Nasdaq-listed company accumulating Ethereum (ETH) as a strategic reserve, has filed to sell up to $5 billion in additional common stock to fund ETH purchases for its corporate treasury, according to Bitcoin.com News. In a filing with the U.S. Securities and Exchange Commission (SEC), the company stated that the prospectus supplement increases the total stock sale limit under the sales agreement to $6 billion, comprising $1 billion from the prior prospectus and $5 billion from the new supplement.