SharpLink Gaming has significantly increased its share offering, now seeking to sell an additional $5 billion in common stock to acquire more Ether (ETH). The company has already invested $515 million in ETH within just nine days, bringing its total treasury holdings to over 280,000 ETH, with plans to acquire 1 million ETH in total. The majority of the new funds will go towards purchasing Ether, as stated in their recent SEC filing. Despite a year-to-date stock surge of 350%, SharpLink's stock price has recently dropped, concluding at $36.40, a decrease of 2.62%. The company experienced a 24% decline in revenue year-on-year, reporting a net profit margin decrease of 110% in the last quarter. SharpLink is slated to announce its next quarterly results on August 13.

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