News

Sharplink Gaming Files $1 Billion Shelf Offering To Purchase Ethereum

Sharplink Gaming files a $1 billion shelf offering to acquire Ethereum, signaling a major shift in its treasury strategy.
Published by
Sharplink Gaming Files $1 Billion Shelf Offering To Purchase Ethereum

Highlights

  • Sharplink Gaming submitted a $1 billion shelf offering to the SEC to purchase Ethereum which shows it is turning its treasury reserve towards digital assets.
  • Sharplink is committed to blockchain via this strategy following the $425 million in Ether bought previously.
  • The announcement comes as Ethereum's price dropped to $2,529.82, a 3.89% decrease in 24 hours, amid a general crypto market downtrend.

On May 30, 2025, Sharplink Gaming, a top technology company, took a big step with a $1 billion shelf registration. The SEC filing reveals that the company aims to purchase Ethereum with the proceeds which is a new approach for its treasury strategy.

Advertisement

Sharplink Gaming Boosts Blockchain Strategy with $1 Billion Ether Treasury Shift

This company is reinforcing its blockchain plans by purchasing another $1 billion worth of Ether after purchasing $425 million of the digital asset earlier this week. The company’s push to use blockchain and digital assets in iGaming is becoming stronger.

As a result of this registration, it can issue shares like common stock and preferred shares and other securities at any time as needed. The company has $1 billion worth of “at-the-market” agreements with Alliance Global Partners (AGP) to sell stock as required.

Both sides can spend the funds immediately, after agreeing to the terms in this contract. With its Sharplink Gaming Ethereum approach, the company seeks to make Ether the center of its treasury reserve in place of cash.

It feels that, over time, Ethereum will better suit their business needs. In contrast, Meta shareholders vote against Bitcoin treasury assessment plan, signaling a more cautious approach from other tech giants

This year, Sharplink invested in CryptoCasino.com, a blockchain-based gaming portal by Armchair Enterprises. Bitcoin and Ether are major cryptocurrencies that CryptoCasino.com accepts and it is compatible with MetaMask wallets.

The new investment will allow Sharplink to join the world of crypto gaming. Many are developing interest in crypto gaming because they want the quickness, safety and privacy that digital currencies offer. Sharplink Gaming Ethereum plans could influence more gaming companies to follow suit.

Advertisement

Ethereum Slips Below $2,530 as Trading Volume Surges

Ethereum (ETH) price decreased to $2,529.82 over the past 24 hours which is a 3.89% drop. Price has declined sharply on the day’s chart, starting from a high of $2,649.90 earlier.

Attempts at recovery were unable to last, letting the chart show several pullbacks and drops in new local highs. ETH dropped in the late trading session, breaching the $2,550 support.

The crypto market is generally on a downtrend and other cryptos like Bitcoin are also trading lower at the moment. Ethereum maintains its strong 3-month reputation, getting a perfect 100% profile score from the community.

Traders of Ethereum are currently focused on $2,500 as the possible support line. If Ether price continues to fall and drops below this support, it would lead to further declines. If prices climb above $2,600, it would indicate the market is recovering, but this climb looks difficult at the moment.

Source: CoinMarketCap

Advertisement

Share
Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via paul@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push

Michael Selig is the latest candidate who has been chosen by President Donald Trump to…

October 25, 2025
  • News

First Spot XRP ETF Hits Milestone as CME Flags Institutional Interest

Institutional momentum in XRP is accelerating as the first U.S. spot XRP ETF ($XRPR) reached…

October 25, 2025
  • Price Analysis

Can Hype Price Hit $50 After Robinhood Listing?

HYPE, the native token of the decentralized exchange Hyperliquid, has witnessed a notable price surge…

October 24, 2025
  • News

XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal

In the latest XRP news, Ripple has introduced 'Ripple Prime,' which it plans to integrate…

October 24, 2025
  • News

Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data

Traders are betting on the FOMC to make two more rate cuts this year following…

October 24, 2025
  • News

Crypto.com Joins Ripple in Banking License Bid Amid Industry Push for Market Structure Bill

Crypto.com has submitted an application with the U.S. National Trust Bank Charter. It aims to…

October 24, 2025