[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CoinPhoton [@coinphoton](/creator/twitter/coinphoton) on x 2624 followers Created: 2025-07-18 00:13:56 UTC SharpLink Gaming (SBET), a Minnesota-based company and currently the largest corporate holder of Ethereum in the world, has increased the total value of stock it is allowed to sell to $X billion, according to a supplemental filing submitted to the U.S. Securities and Exchange Commission (SEC) on July XX. This move is aimed at raising additional capital to continue its large-scale ETH acquisition strategy. Previously, on May 30, SharpLink had only requested authorization to issue a maximum of $X billion in stock. However, the July XX supplement raised this number to $X billion, including the previously approved $X billion and an additional $X billion. The company stated it has already sold about $XXX million worth of stock under the prior prospectus and still has room to issue another $XXX million within that framework, plus the additional $X billion under the new supplement. SharpLink currently holds more than XXXXXXX ETH, valued at around $XXX billion as of July XX. It is now the largest corporate Ethereum holder globally. The company began its ETH accumulation strategy after securing a $XXX million private placement led by Consensys in early June. Notably, Consensys CEO and Ethereum co-founder Joseph Lubin has joined SharpLink as Chairman of the Board. Comparison with Bitcoin: Market cap leverage Although the new investment reaches $X billion, it’s important to note that Ethereum’s market cap is currently only about 1/5 the size of Bitcoin’s. This means that a $X billion purchase of ETH could have a similar market impact as a $XX billion injection into BTC, when considering market cap ratios and price pressure dynamics. Specifically, with ETH's current market cap at around $XXX billion and BTC’s exceeding $XXX trillion, every $X invested in ETH could have five times the leverage effect compared to BTC. This explains why institutional investors are increasingly turning their attention to Ethereum in the current cycle.  XX engagements  **Related Topics** [acquisition](/topic/acquisition) [sec](/topic/sec) [gaming](/topic/gaming) [sharplink](/topic/sharplink) [stocks crypto treasuries](/topic/stocks-crypto-treasuries) [ethereum](/topic/ethereum) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/coinphoton/status/1946000447107740125)
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CoinPhoton @coinphoton on x 2624 followers
Created: 2025-07-18 00:13:56 UTC
SharpLink Gaming (SBET), a Minnesota-based company and currently the largest corporate holder of Ethereum in the world, has increased the total value of stock it is allowed to sell to $X billion, according to a supplemental filing submitted to the U.S. Securities and Exchange Commission (SEC) on July XX.
This move is aimed at raising additional capital to continue its large-scale ETH acquisition strategy. Previously, on May 30, SharpLink had only requested authorization to issue a maximum of $X billion in stock. However, the July XX supplement raised this number to $X billion, including the previously approved $X billion and an additional $X billion.
The company stated it has already sold about $XXX million worth of stock under the prior prospectus and still has room to issue another $XXX million within that framework, plus the additional $X billion under the new supplement.
SharpLink currently holds more than XXXXXXX ETH, valued at around $XXX billion as of July XX. It is now the largest corporate Ethereum holder globally. The company began its ETH accumulation strategy after securing a $XXX million private placement led by Consensys in early June. Notably, Consensys CEO and Ethereum co-founder Joseph Lubin has joined SharpLink as Chairman of the Board.
Comparison with Bitcoin: Market cap leverage
Although the new investment reaches $X billion, it’s important to note that Ethereum’s market cap is currently only about 1/5 the size of Bitcoin’s. This means that a $X billion purchase of ETH could have a similar market impact as a $XX billion injection into BTC, when considering market cap ratios and price pressure dynamics.
Specifically, with ETH's current market cap at around $XXX billion and BTC’s exceeding $XXX trillion, every $X invested in ETH could have five times the leverage effect compared to BTC. This explains why institutional investors are increasingly turning their attention to Ethereum in the current cycle.
XX engagements
Related Topics acquisition sec gaming sharplink stocks crypto treasuries ethereum coins layer 1