Ethereum is back in the spotlight this week. Sharplink Gaming, a sports betting company based in the USA, submitted to Securities and Exchange Commission (SEC) to offer up to $ 1 billion stock shares.
The company says it plans to use the money to buy ether (ETH), the main cryptocurrency of the Ethereum network. This big step only takes days after Sharplink has announced its new Ethereum-based financial strategy.
Her share price exploded by almost 400%during the trade on May 27, shortly after the plan had gone to the public. At the same time, the company appointed the co -founder of Ethereum, Joseph Lubin, the new chairman of his board of directors.
Ether is the goal
According to the submission of May 30, Sharplink would like to set most of the increased funds for buying ether. But it’s not just about crypto. Part of the cash will also be managed to lead the company -things such as operating capital, company costs and affiliate marketing operations.
At the time of submission, ETH acted by 2.31%in 24 hours, based on Coencko data. The time of purchase and how much ether you actually buy could depend on the market. But the news is clear: Sharplink goes in Ethereum.
Risks on the table
The company also listed several risks that could affect great ether investment. One of them is the possible increase in the central bank’s digital currencies (CBDCS). If CBDCs withdraw, Sharplink believes that the demand for private cryptocurrencies such as ETH could fall or lose its usefulness.
Image: BlockTempo
Another risk is regulatory. If the SEC or other agency decides to classify ether as “security”, Sharplink could have new rules and reporting requirements. This could make your plans more difficult and the company cost money in the long run.
Crypto World reacts
The crypto community did not remain calm. Many compared Sharplinks to move to the strategy with Bitcoin.
Crypto Analyst 0xboboshanti has released “Ethereum finally his own Saylor” on X (formerly Twitter) and refers to Michael Saylor, the Executive Chairman of Strategy (formerly Microstrategy). His company now has over 580,250 BTC worth more than 60 billion US dollars based on Saylor Tracker.
Sharplink Gaming plans to collect up to 1 billion US dollars with which you will then buy ETH
You are not optimistic enough pic.twitter.com/rskeqvhp0p
– sasal.eth/acc 🦇🔊 (@sassal0x) May 30, 2025
The Ethereum educator Anthony Sassano added the noise and said: “You are not optimistic enough” and signaled strong support for Sharplink’s strategy.
ETF Buzz adds fuel
Timing could be the key. Shortly before Sharplink’s submission, the ETF provider Rex shares submitted paper stuff, in which analysts that Ethereum and Solana staunch -ETCLE predicted, were able to start in the United States shortly.
These ETFs would enable investors to earn rewards through regulated funds, which many providers had difficulty.
Selected picture of Unsplash, Diagram from Tradingview
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