SharpLink unlocks $6B in new capital to supercharge Ethereum buys
2025-07-18 09:08:38
Main Idea
SharpLink has increased its share offering limit from $1B to $6B, with most proceeds intended for additional Ethereum purchases, aiming to expand its ETH holdings significantly.
Key Points
1. SharpLink raised its at-the-market share offering limit from $1B to $6B, primarily for Ethereum purchases.
2. The company currently holds over 280,000 ETH, with nearly all of it staked.
3. SharpLink's new offering could allow it to control nearly 1.38% of ETH's circulating supply if fully utilized.
4. The firm has added $515 million worth of ETH in the past nine days, including a single-day buy of over 32,000 ETH.
5. SharpLink views ETH as both a reserve asset and working capital, with most of its ETH staked for additional returns.
Description
SharpLink has increased its share offering capacity from $1 billion to $6 billion to potentially fund more of its aggressive Ethereum (ETH) buys. In its updated prospectus filed with the US Securities and Exchange Commission on July 18, the company disclosed amendments to its previous May 30 registration. The latest filing raises the total amount of common stock that the company may sell under its at-the-market (ATM) program to $6 billion, up from the initial $1 billion. So far, the Joseph Lubin...
Latest News
- Donald Trump set to open the US retirement market to crypto investments2025-07-18 11:59:55
- Forget SOL? This low cap altcoin could 25x by 2026, still under $0.05 to buy2025-07-18 09:59:28
- SharpLink unlocks $6B in new capital to supercharge Ethereum buys2025-07-18 09:08:38
- AVAX rallies 15.75% while this new token targets 6x ROI in just 60 days2025-07-18 08:51:08
- ADA steady above $0.70, but this token just announced 20% price hike2025-07-18 08:36:33