SharpLink Gaming has expanded its share offering, aiming to sell an additional $5 billion in equity to further invest in Ethereum (ETH). In just nine days, the company has purchased $515 million worth of ETH, significantly bolstering its treasury to hold over 280,000 ETH, predominantly staked. According to a prospectus filed with the US Securities and Exchange Commission, the bulk of the funds will be allocated to ETH acquisition. This move indicates SharpLink's strategic intent to secure significant crypto assets, as it aims to compete with large holders like the Ethereum Foundation. Despite the ambitious growth strategy, SharpLink's stock has shown volatility, with a decline noted in trading sessions, falling 2.62% on Thursday and an additional drop during after-hours trading. Year-to-date, shares have surged by 350%, though they remain down 54% since their peak in late May. The company's upcoming quarterly results, expected on August 13, will shed further light on its financial performance amidst these dramatic market moves.

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