SharpLink Gaming’s Billion-Dollar Ethereum Dream: Cracks, Crashes & Crypto Chaos

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Will They Or Won’t They? SharpLink Gaming Goes All-In On Ethereum 💸🚀

Hold onto your hats, folks. SharpLink Gaming is planning to splash $1 billion worth of shares like it’s a Las Vegas buffet—because apparently, they think Ethereum is the answer to all of life’s problems (and Bitcoin‘s too, apparently). Yes, you read that right. They want to buy up enough ETH to make Satoshi himself jealous. Can you say ‘Crypto FOMO’? 🤑

According to some boring SEC paperwork—think of it as the company’s way of showing their homework—SharpLink is going to issue up to 72.05 million shares of their prestigious stock, “SBET”, which sounds like the kind of thing one whispers about in the stock market shadows. Out of those, roughly 12.6 million will be sold at a modest $79.21 per share (because who doesn’t love a nice round number to lose sleep over?). But don’t get too attached—how many they sell might change faster than a TikTok trend.

And guess what? All those shiny new dollars will vanish into thin air—well, almost—used solely to *buy Ethereum*. Because what’s better than holding a chunk of ETH? Only if it goes up, of course, or so their number-crunchers seem to think. “We plan to buy *all* of the ETH we can with these proceeds,” they say, with the enthusiasm of someone buying a jet ski in December.

If they manage to sell every single share, the math nerds reckon they could scoop up around 400,000 ETH — enough to make even Michael Saylor do a double-take. And just like Saylor’s Bitcoin stash, this plan might turn SharpLink into the next crypto champ… or at least give them some bragging rights at parties.

Meanwhile, Ethereum is behaving like a moody teenager—dropping 0.4% to $2,484, with a market cap flirting near $300 billion. Nice, but not enough to stop the crypto rollercoaster from doing loop-the-loops.

And oh, the market’s mood swings. SharpLink’s stock pirouetted from $76.70 to $58.15 pre-market—kind of like a bad breakup, only with way more financial consequences. Remember when they announced a $425 million private raise? The stock went *boom*, up 420%, from $6.72 to $34.75—talk about riding the crypto wave like a pro surfer with a jetpack.

May 27 was a big day: SharpLink declared Ethereum would be their main treasury asset, with Joseph Lubin — Ethereum co-founder himself — joining the board for good measure. Because nothing says “trust us” like having one of Ethereum’s founding fathers in charge.

Let’s not forget our fellow travellers in the corporate ETH quest. French real estate firm Entreparticuliers announced they too wanted a slice of the ETH pie. And guess what? Their stocks soared over 800% five days after their bold move. Millennials have nothing on these guys.

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2025-06-02 14:44