SharpLink Gaming’s $1B shelf offering aims to buy Ethereum, reinforcing its shift to a crypto-focused treasury strategy.
On May 30, 2025, SharpLink Gaming, a leading technology firm, made a bold move by filing a $1 billion shelf registration with the SEC. The filing indicates the company’s intent to acquire Ethereum with the proceeds, marking a significant shift in its treasury strategy.
SharpLink Gaming Strengthens Blockchain Strategy with $1 Billion Ether Treasury Plan
SharpLink is doubling down on its blockchain ambitions by planning to purchase an additional $1 billion in Ether following its $425 million acquisition earlier this week. This move underscores the company’s growing commitment to integrating blockchain and digital assets into its iGaming operations.
The shelf registration allows SharpLink to issue common stock, preferred shares, and other securities as needed. The company has secured $1 billion in “at-the-market” agreements with Alliance Global Partners (AGP) to sell shares as required.
Both parties can deploy the funds immediately upon agreeing to the contract terms. SharpLink aims to replace cash with Ether as its primary treasury reserve asset through its Ethereum-focused strategy.
The company believes Ethereum will better align with its long-term business needs. In contrast, Meta’s shareholders rejected a Bitcoin treasury evaluation plan, reflecting a more conservative stance among other tech giants.
This year, SharpLink invested in CryptoCasino.com, a blockchain-based gaming platform by Armchair Enterprises, which accepts Bitcoin and Ether and supports MetaMask wallets.
This new funding will enable SharpLink to deepen its presence in the crypto gaming sector. The growing appeal of crypto gaming stems from digital currencies’ speed, security, and privacy. SharpLink’s Ethereum strategy may inspire other gaming firms to follow its lead.
Ethereum Drops Below $2,530 Amid Rising Trading Volume
Ethereum (ETH) fell to $2,529.82 over the past 24 hours, a 3.89% decline. The day’s chart shows a sharp drop from a high of $2,649.90, with recovery attempts failing to hold, resulting in multiple pullbacks and lower local highs. ETH breached the $2,550 support level in late trading.
The broader crypto market is trending downward, with Bitcoin and other cryptocurrencies trading lower. Despite this, Ethereum retains a strong three-month reputation, earning a perfect 100% community profile score.
Traders are eyeing $2,500 as a potential support level for Ethereum. A drop below this could trigger further declines, while a rise above $2,600 would signal a market recovery, though this appears challenging currently.
