Sharplink Gaming’s expanded $6B share offering could buy 1% of ETH

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%.