SharpLink Makes Power Move: Amends Sales Deal to Secure $5B War Chest for Ethereum Bet

Wall Street meets crypto—again. SharpLink just rewrote its playbook, restructuring a sales agreement to funnel a staggering $5 billion into Ethereum. That’s not a typo. Five. Billion. Dollars.

Why Ethereum? Because while TradFi sleeps on blockchain, the smart money’s stacking ETH like it’s 2021. The amendment screams confidence—or desperation, depending on which hedge fund manager you ask.

No fluff, no maybes. Active bets only. The move bypasses traditional fundraising bottlenecks, cutting straight to deployment. Expect fireworks—or a spectacular dumpster fire. Either way, grab popcorn.

P.S. If this fails, don’t worry—they’ll just amend the agreement again. That’s finance, baby.

TLDR

• SharpLink Gaming amends its sales agreement to raise up to $5 billion, increasing its offering from $1 billion to $6 billion.
• The company plans to allocate most of the proceeds to acquire Ethereum (ETH) and further expand its Ethereum treasury strategy.
• SharpLink has already accumulated over 280,000 ETH and deployed nearly all of it into staking, earning 415 ETH in rewards as of July 11.
• The company will use the raised funds for Ethereum purchases, general working capital, operating expenses, and affiliate marketing operations.
• SharpLink aims to leverage favorable market conditions through an at-the-market offering structure, providing flexibility in the sales process.

SharpLink Gaming has updated its sales agreement with A.G.P./Alliance Global Partners to raise up to $5 billion. The company intends to use the proceeds to acquire ethereum (ETH) and support its ongoing operations. The offering increase from $1 billion to $6 billion comes as part of SharpLink’s strategy to invest heavily in Ethereum. The company has already built an Ethereum treasury and plans to expand its holdings further.

SharpLink Raises $5 Billion for Ethereum Investment

In a July 17 filing, SharpLink disclosed that it amended its existing sales agreement to boost the total offering. The $5 billion increase allows the company to sell more shares through an at-the-market structure. This structure provides flexibility, allowing SharpLink to adjust the size of its offerings based on current market conditions. SharpLink aims to take advantage of favorable market conditions while raising funds.

SharpLink stated that it will allocate “substantially all” proceeds from the offering to buy Ethereum. The company has been focused on expanding its Ethereum treasury strategy, which started in June. SharpLink has already accumulated over 280,000 ETH and deployed nearly all of it into staking activities. As of July 11, the company has earned 415 ETH in staking rewards, signaling the effectiveness of its strategy.

SharpLink’s MOVE to invest heavily in Ethereum aligns with its broader goals of enhancing its financial position. The company will also use funds for general working capital, operating expenses, and affiliate marketing operations.