SharpLink Gaming has significantly increased its share offering to $6 billion, aiming to purchase more Ether (ETH). The company has added $515 million worth of ETH to its reserves within nine days, raising its treasury holdings to over 280,000 ETH, with plans to acquire 1 million ETH in total. In a recent prospectus filed with the US Securities and Exchange Commission, SharpLink plans to use most of the proceeds from the stock offer to buy Ether. The stock has seen a considerable rise, up 350% year-to-date, although it is currently down 54% from its May peak. The company's revenue has also seen a decline of 24% year-on-year in the March quarter, with net profit margins decreasing. SharpLink's increase in ETH holdings is seen positively in the ecosystem, surpassing the Ethereum Foundation's total ETH holdings.

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