Sharplink Gaming’s expanded $6B share offering could buy 1% of ETH
2025-07-18 06:15:10
Main Idea
SharpLink Gaming has significantly increased its ETH holdings, becoming the largest corporate holder of ETH, and plans to use a $6 billion share offering to potentially acquire 1% of ETH's circulating supply.
Key Points
1. SharpLink Gaming holds more than 280,000 ETH in its treasury, with 99.7% of it staked.
2. The company has purchased $515 million worth of ETH in the past nine days.
3. SharpLink's $6 billion share offering could allow it to acquire nearly 1.38% of ETH's circulating supply if used entirely for ETH purchases.
4. The company generated 415 ETH ($1.49 million) in staking rewards between June 2 and July 15.
5. SharpLink's stock (SBET) is up 350% year-to-date but down 54% from its May 29 peak.
6. The company's revenue declined 24% year-on-year in the March quarter, with a net profit margin decrease of 110%.
Description
The company holds more than 280,000 ETH in its treasury. It has bought ETH worth $515M in the past nine days.
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