SharpLink Gaming Don Raise $6B for ETH Acquisition
SharpLink Gaming don file prospektus suplement wit di US SEC to expand dia common stock offering from $1 billion to $6 billion. Di company dey plan to use most of di money to buy Ether, wey go boost dia treasury pass 280,000 ETH—including extra 32,892 ETH after di filing—with 99.7% staking. SharpLink Gaming don buy $515 million worth ETH for nine days and don earn 415 ETH staking rewards since June. Di aggressive ETH accumulation fit secure up to 1.38% of Ethereum circulating supply. Even wit di ETH buys, SharpLink stock (SBET) fall afta Q1 results wey show 24% revenue drop and 110% net profit margin fall; Q2 results go drop on August 13. Traders suppose dey watch SharpLink Gaming ETH buys and staking strategy, wey fit support Ethereum price and show say institutional confidence dey.
Bullish
SharpLink Gaming large large Ether buy dem plus increase for staking show say institutional demand strong well well, e fit give immediate support for ETH price by reducing how much dey for market. For short time, the continuous buying fit make buying pressure high and boost market feeling. For long term, to secure as much as 1.38% of supply plus to dey earn staking reward dey show say dem get strong treasury model wey go build confidence for Ethereum fundamentals and fit attract more institutional money. This way of gathering tokens show say ETH get better future.