Overview

• SharpLink filed an amendment to expand its at-the-market equity program by $5 billion, raising total potential stock issuance to $6 billion.
• The company intends to use substantially all proceeds from the upsized offering to acquire additional Ethereum tokens.
• SharpLink holds 280,706 ETH—the largest corporate reserve—and has staked 99.7 percent of its holdings.
• The staking strategy has generated 415 ETH in rewards since June 2, supporting its pivot into blockchain finance.
• SBET shares tumbled up to 17.6 percent on Friday to around $30 as investors weighed dilution risks and crypto-asset volatility.