SharpLink Gaming plans to raise $1 billion to purchase ETH

2025-05-31 02:17

SharpLink Gaming has submitted Form S-3 ASR to the US SEC, registering securities with a total size not exceeding $1 billion for future issuance of common stock subject to market conditions. After this issuance, the maximum number of common shares issued can reach 72051288 shares. The vast majority of the proceeds from this issuance will be used to purchase Ethereum (ETH), the native cryptocurrency of the Ethereum blockchain. It is also planned to use the proceeds from this issuance for working capital needs, general corporate purposes, operating expenses, and more. Previously, SharpLink Gaming announced that it will complete a private equity financing of approximately $425 million, with Consensys as the lead investor. The transaction is expected to be completed on May 29th. The financing funds will be used to purchase Ethereum (ETH) and establish ETH as the company's main reserve asset.

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Live streaming in the language community: BTC engine preheating! 104000's last chance to get on the bus? Detailed analysis of BTC's future trends in the live broadcast room, implementation of long-term profit orders with a layout of 10000 points!

Click on the link to join Tencent Meeting: https://meeting.tencent.com/p/9850662513 Good evening,everyone! I am your Da Bin teacher! During the weekend low liquidity period, there were no major events last night and trading volume was also sluggish. The main focus is on the market sentiment from tonight to tomorrow. In particular, whether the Sichuan Universiade will talk about the market again, good events will rise and bad events will fall, and the steel import tariff raised to 50% at the close of yesterday morning will also be reflected in the opening of futures. From the macro point of view of the Trump muzzle incident, there is no big profit for the time being. Yesterday it was said that around 102-103 should be able to hold on, and it is indeed the case now. BTC is still in a volatile range, but the volatile range has increased from 107-1105 to around 103. So the corresponding trading strategy is as follows, short-term haha 1. Short selling at the current price of 104100, hoping that BTC will break through the support level of around 102 (which is the lower edge of the previous daily level), or even break through 100000 and fall accordingly. This strategy may require preparation for short-term orders, as prices will still rebound and rise, such as around 106. If it's just fast in and fast out, such as taking profits around 103. It depends on the person. 2. The current price is 104100 long, hoping to rebound to around 106 or above. Why is it 106? This price is the upper edge price during the previous daily fluctuation. Whether it can rebound close to or break through 106 depends, but if I choose this strategy, I personally would try to choose around 102-103 as much as possible. 104 feels like a mediocre price, neither up nor down. If not, don't do it. 3. Rebound high position short, that is, wait and see at the current price, and open a short order when the market rebounds to around 106 or even higher. The above is the long short strategy in the oscillation range. I personally prefer 2 and 3. At present, it seems that it may not be so fast. According to the data of major single orders in the past 12 hours, the total selling amount of the main force was as high as $186 million, while the buying amount was only $80 million, with a net outflow of $106 million, and a buying to selling ratio of 1:233, indicating that the main force is clearly biased towards short selling. Especially at 23:18 and 22:29, Binance contracts sold large orders of $18.05 million and $16.14 million respectively, directly suppressing the rebound momentum. Currently, BTC is below the EMA24 and EMA52 moving averages, with trading volume continuing to shrink to 32.13% of the average level. Market buying is weak, further verifying the exit signal of main funds. Enter the live broadcast room for detailed tracking of major orders, accurately revealing the trends of the main players, and capturing the turning points of the trend one step ahead! The current price of ETH is below the EMA24/52 moving average, showing an overall downward trend. At the same time, the distribution of chips reveals that 2548.5 is a strong resistance level, and the dense peak of trading volume indicates that bulls are under significant pressure in this area. The latest 1-hour cycle K-line oscillates in the range of 2506-2517, further verifying the insufficient short-term action capability. MACD has a dead cross and the bar chart continues to decrease, indicating an increase in downward momentum. Although KDJ has a golden cross, it is blocked by the resistance zone and the signal is weak. If the price cannot break through 2548.5, the risk of falling back will intensify, and the support below should focus on the low point of 2488. Operation suggestion: BTC 103000 long first target view 104200 second target view 105500 ETH 2450 long first target to see 2500 second target to see 2580 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.