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SharpLink Gaming submitted S-3 ASR sign up, plan mainly used for increasing holdings of Ethereum.
Wu learned that SharpLink Gaming submitted Form S-3 ASR to the SEC on May 30, 2025, registering a total scale of securities not exceeding $1 billion for the issuance of common stock based on future market conditions. The company plans to use the majority of the proceeds from this issuance to purchase the native crypto asset Ether (ETH) of the Ethereum Blockchain, as well as for general operating expenses. Previously, SharpLink Gaming announced that it had signed a securities purchase agreement, raising funds through a $425 million public company private investment (PIPE), which will also be used to hold ETH as its main treasury reserve asset.