SharpLink Gaming, a U.S. sports betting platform, has filed with the SEC to offer up to $1 billion in stock to fund a major ETH acquisition as part of its new Ethereum-based corporate treasury strategy. The move follows its May 27 announcement and a 400% surge in its stock, with Ethereum co-founder Joseph Lubin appointed as board chairman. While the company also plans to use proceeds for operations and marketing, it flagged risks such as potential ETH regulation and competition from CBDCs. The crypto community has dubbed SharpLink “Ethereum’s Michael Saylor” for its bold bet on ETH. Source: Cointelegraph
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