Overview

• SharpLink filed an SEC prospectus supplement to increase its at-the-market stock offering program by $5 billion, raising total capacity to $6 billion.
• The company’s Ethereum reserves now stand at 280,706 ETH, making it the world’s largest corporate holder of the cryptocurrency.
• SharpLink has delegated 99.7% of its Ethereum to staking protocols, earning 415 ETH in rewards since early June.
• A recent $413 million ATM placement financed the purchase of 74,656 ETH at an average cost of $2,852 per token, leaving approximately $257 million available for future buys.
• Its share price has swung over 30% on funding milestones before plunging about 20% after the expanded equity filing raised dilution concerns.