"Sharplink Plans 8 Trillion Won Stock Issuance ⋯ Boosts Ethereum Holdings"

2025-07-19 14:30
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"Sharplink Plans 8 Trillion Won Stock Issuance ⋯ Boosts Ethereum Holdings"

출처: Block Media

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Sharplink Gaming Amplifies Stock Issuance to Bolster Ethereum (ETH) Investments

Sharplink Gaming, a prominent online gaming marketing company, has announced an ambitious expansion of its stock issuance limit to fuel further acquisitions of Ethereum (ETH), underscoring its dedication to blockchain technology and digital innovation.

In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on October 18, the company revealed a significant increase in its stock sale program from $1 billion to a staggering $6 billion. This move introduces a "forward sale" mechanism, granting Sharplink the flexibility to sell shares at a future date, a strategic initiative designed to maximize its funding potential.

Sharplink made headlines in May by adopting Ethereum as a core reserve asset, a bold pivot for the gaming marketing firm. Since its initial adoption, the company has steadily increased its ETH holdings, which now total an impressive 198,300 ETH. On-chain analytics platform Akham reports that Sharplink’s Ethereum reserves have overtaken those of the Ethereum Foundation, positioning the company as the largest corporate holder of ETH globally.

This Ethereum-focused strategy aligns with Sharplink's broader push into the blockchain gaming ecosystem. Recently, the company deepened its commitment to this emerging sector by making an equity investment in CryptoCasino.com, a platform specializing in digital asset-based gaming. The investment highlights Sharplink's vision of fostering innovation within blockchain-based gaming, a rapidly growing industry.

However, Sharplink's aggressive expansion has sparked market concerns. Following its announcement, the company’s stock experienced a significant selloff, with shares plummeting 20% to close at $28.98 on Wednesday. Despite this dip, Sharplink's strategic focus on Ethereum and blockchain technology continues to position the company as a leader in the fusion of gaming and cryptocurrency.


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