Shaferlink, To accumulate Ethereum, pushing to issue new shares worth 5 billion dollars

Nasdaq-listed company SharpLink Gaming (SBET) has officially begun raising funds for a large-scale additional purchase of Ethereum (ETH). According to Bitcoin.com reports, SharpLink has applied for the issuance of new common stock totaling $5 billion.

SharpLink is already known as a company that strategically reserves ETH, and this new stock issuance is also interpreted as part of that. The company did not mention specific purchase timing or quantity, but the disclosure of a large-scale capital raising plan is being interpreted as a sign that institutional demand for Ethereum in the cryptocurrency market is still strong.

This movement suggests the possibility that the flow of funds recently focused on Bitcoin may gradually expand to Ethereum and other major altcoins, attracting the interest of investors.