Sharplink Gaming has taken a bold step in its crypto strategy by expanding its stock sale program to $6 billion. The company, known for its growing involvement in Ethereum, filed the amendment with the U.S. Securities and Exchange Commission (SEC) on Thursday. This move raises the limit from a previous $1 billion cap, giving Sharplink more room to pursue its aggressive digital asset goals.
Sharplink Gaming Expands Stock Sale to Fuel Ethereum Treasury
According to the updated prospectus, the majority of the funds raised will be allocated to Ethereum purchases. The company already sold $720.8 million under the initial program and retains around $279 million. The new filing also introduces forward sales, allowing Sharplink flexibility in how and when it raises capital.
Sharplink’s primary focus remains clear: acquire large quantities of ETH. The company has already gained attention for making Ethereum its main reserve asset. Most of its ETH is also staked, providing steady rewards and enhancing the utility of its treasury.
Beyond treasury and staking, Ethereum’s growing versatility is evident across decentralized platforms, ranging from finance to on-chain entertainment. One example is Ethereum casinos, where the network’s fast settlement, transparency, and security enable seamless gameplay and crypto payouts.
Sharplink Gaming Targets 1 Million ETH Goal
Earlier this week, Sharplink revealed it holds 280,706 ETH, worth approximately $1 billion at current prices. On-chain activity shows an additional 32,892 ETH was acquired recently, valued at around $115 million.
Over the past nine days, the company has spent $515 million on Ethereum, signaling deep commitment to long-term crypto exposure.
SharpLink(@SharpLinkGaming) bought another 32,892 $ETH($115M) in the past 3 hours.
In the past 9 days, they’ve accumulated 144,501 $ETH($515M).https://t.co/LGh4xzpCWk pic.twitter.com/q29czF8qKz
— Lookonchain (@lookonchain) July 18, 2025
Almost all of Sharplink’s holdings roughly 99.7% are actively staked. This staking strategy has earned the company 415 ETH in rewards between June 2 and July 15. These rewards, valued near $1.49 million, represent a significant contrast to traditional cash reserves held by corporations.
Sharplink has determined its position in the form of the biggest corporate ETH owner with prospects to possess 1 million ETH. It is counterintuitive in its approach that cancels all the old-school paradigms of treasury systems and establish a new precedent of crypto utilization in corporate finance.
Corporate ETH Race Intensifies Amid Price Surge
Sharplink’s rapid accumulation briefly faced competition from BitMine Immersion, which claimed to surpass 300,657 ETH. However, with its latest purchase, Sharplink regained the lead in ETH treasury holdings, even outpacing the Ethereum Foundation.
Corporate interest has also been carried forward by the performance of Ethereum in price. During the course of the last month, ETH has gained, recovering high valuation regions. The asset is picking up steam once again in the market and it seems that Sharplink is betting correctly by making continued investments.
This influx of institutional purchases implies that there is an increasing change in the public company attitude towards digital assets, especially Ethereum. Having a multi-billion war chest and a defined purpose, Sharplink Gaming is transforming the role of corporate treasury management into the world of crypto-powered future.
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