BREAKING: The Company that Previously Purchased 435 Million Dollars Worth of Ethereum has Now Taken Action for a 1 Billion Dollar Purchase!

SharpLink Gaming announced that it plans a "Shelf Offering" of up to $1 billion with its notification to the SEC (SEC).

The company plans to use a significant portion of this massive funding move to purchase Ethereum (ETH).

Shelf Offering (Shelf Registered Public Offering) is a financing method that allows a company to gradually offer its registered securities to the SEC for capital increase, not all at once, but in increments as needed over time. This method provides companies with the opportunity to raise funds flexibly over time.

SharpLink Gaming can issue a total of more than 72 million shares under this shelf offering. If all are sold, assuming the shares will trade at the current market price of $79.21, the company could generate up to $1 billion in revenue.

The sale of shares will be conducted in the U.S. from time to time and depending on market conditions, through the "at the market offering" (direct sale from the market) method. In such sales, shares are offered to investors through direct sales representatives.

The company announced that it will use a large part of the funds to be obtained to buy Ethereum (ETH). The rest is; working capital will be allocated for general corporate expenses, operational expenses and affiliate marketing activities.

Last week, SharpLink Gaming, which purchased 435 million dollars worth of Ethereum, saw its shares increase by 2,700% following these developments. The company's market value grew 11 times, drawing attention.

*This is not an investment advice.

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