Ethereum is in the limelight again this week. Sharplink Gaming, a US-based sports gaming company, has submitted to Securities and Exchange Commission (SEC) to offer up to $ 1 billion in ordinary shares.
The company says it plans to use the money to Buy ether (ETH)The main Cryptocurrency in the Ethereum network. This big feature comes just a few days after Sharplink announced its new Ethereum-based state strategy.
Their share price exploded by almost 400% during the trade on May 27, shortly after the plan became public. At the same time, the company appointed Ethereum Co -founder Joseph Lubin as the new chairman for its board.
Ether is the goal
According to the archive 30 SEC, Sharplink wants to put most of the raised funds to buy ether. But it’s not just about crypto. Some of the cash will also go to running the business – things such as operating capital, corporate costs and affiliate marketing operations.
ETH acted at $ 2520 at the submission, a reduction of 2.31% in 24 hours, based on the Coytecko data. The timing of the purchase, and how much ether they actually buy, can be due to the market. But the message is clear: Sharplink enters Ethereum.
Risks on the table
The company also listed several risks that can affect its large ether investments. One of them is the possible increase in the central bank’s digital currencies (CBDC). If CBDCs take off, Sharplink believes the demand for private Cryptocurrencies as Ethics may release or lose their usability.
Image: BlockTempo
Another risk is regulating. If the SEC or another agency decides to classify ether as a “security”, Sharplink may meet new rules and reporting requirements. It can complicate their plans and cost the company’s money in the long term.
Crypto World reacts
The crypto community did not remain silent. Many people compared Sharplink’s move to what strategy made with bitcoin.
Crypto analyst 0xBoboshanti posted on X (formerly Twitter), “Ethereum finally has its own Saylor,” with reference to Michael Saylor, CEO of Strategy (former micro strategy). His company now owns over 580 250 BTC, valued at more than $ 60 billion, based on Saylor Tracker.
Sharplink game plans to collect up to $ 1 billion which they will then use to buy ETH
You are not enough hausse pic.twitter.com/rskeqvhp0p
– Sassaal.et / ACC (Passal0x) May 30, 2025
Ethereum educator Anthony Sassano added the noise and said: “You are not enough hike,” signals strong support for Sharplink’s strategy.
ETF Buzz add fuel
The time can be the key. Just before Sharplink’s archiving, the ETF supplier left Rex’s Papers that have analysts that predict Ethereum and Solana Staking ETFS could soon be launched in the United States.
These ETFs would enable investors to earn rewards through regulated funds, something that many suppliers have struggled to deduct.
Image from Unsplash, charts from TradingView
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