This Altcoin's MicroStrategy has applied to the SEC to purchase an additional 5 Billion Dollars worth of coins!

SharpLink Gaming, supported by Joseph Lubin, one of the co-founders of Ethereum, announced through a new document submitted to the Securities and Exchange Commission (SEC) that it will go for a $5 billion capital increase to boost Ethereum purchases.

SharpLink Gaming, trading under the symbol "SBET" on the Nasdaq Capital Market, has updated its existing sales agreement, increasing its public stock offering from 1 billion dollars to 6 billion dollars. The newly offered prospectus supplement allows the company to conduct an additional stock sale of 5 billion dollars through A.G.P./Alliance Global Partners.

The company reported that it had previously completed a share sale of approximately $720 million under the earlier agreement and could additionally sell shares worth $279 million. It is believed that the $5 billion sale to be made under the new regulation will be used to support Ethereum investments.

SharpLink Gaming, based in Minneapolis, offers performance-based marketing services primarily aimed at online betting and casino partners. Since the beginning of 2025, the company has been following a growth strategy integrated with the crypto-focused gaming market, aiming to reach a global player base by incorporating blockchain technologies into its marketing infrastructure.