Sharplink Gaming aims to raise approximately $200 million by selling shares of its common stock at $19.50 each, intended to bolster its Ethereum treasury, which is valued at $1.9 billion. The transaction is expected to close on August 8, pending fulfillment of closing conditions. Co-CEO Joseph Chalom emphasized the company’s intent to become a leading ETH treasury, aiming for a one percent stake of all Ethereum in circulation. The growing trend of corporations accumulating cryptocurrencies is gaining momentum, following notable examples like Michael Saylor's firm. Currently, Sharplink's strategy has positioned it among the largest Ethereum treasury firms. As of August 3, Sharplink held 521,939 ETH, reflecting its commitment to expanding its digital asset portfolio amid increasing interest from investors and the evolving landscape of cryptocurrency assets.

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