Sharplink Gaming plans Ethereum buy for $1 billion
Sharplink Gaming files $1B shelf registration to expand Ethereum reserves
On May 30, 2025, Sharplink Gaming filed a $1 billion shelf registration with the U.S. Securities and Exchange Commission (SEC), revealing plans to invest the proceeds into Ethereum (ETH).
This move follows a $425 million Ether purchase made earlier in the week and marks a bold shift in the company’s treasury strategy, reports CoinGape.
The firm stated it intends to replace traditional cash reserves with ETH, believing Ethereum better aligns with its long-term business goals. The company’s decision positions it as one of the largest corporate holders of Ether.
Flexible issuance fuels Ether-focused treasury model
According to the filing, Sharplink will be able to issue common and preferred stock, debt securities, and other instruments on an as-needed basis under a shelf registration. It has already entered a $1 billion “at-the-market” agreement with Alliance Global Partners (AGP) to facilitate flexible stock sales. The proceeds will be used to expand its Ethereum reserves, making the digital asset a core part of its financial foundation. This aggressive Ether accumulation signals growing corporate confidence in blockchain infrastructure beyond Bitcoin.
Sharplink eyes crypto gaming expansion with new investment
Sharplink is also doubling down on blockchain-based gaming, with a recent investment in CryptoCasino.com — a decentralized gaming platform operated by Armchair Enterprises. The portal supports Bitcoin and Ether transactions and integrates with MetaMask wallets. As interest in crypto gaming surges due to its speed, security, and privacy, Sharplink’s Ethereum strategy could pave the way for other gaming firms to adopt similar models. Meanwhile, Meta’s shareholders recently voted against a Bitcoin treasury plan, illustrating diverging approaches among major tech players toward crypto reserves.
Recently we wrote that at the Bitcoin 2025 conference in Las Vegas, MicroStrategy co-founder and Executive Chairman Michael Saylor encouraged investors to remain committed to Bitcoin (BTC).
