🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Ethereum's Biggest Wall Street Bull Ups Stock Sale to $6B to Power ETH Treasury
SharpLink Gaming (NASDAQ: SBET), the largest corporate holder of ether (ETH), is raising its equity sale target from $1 billion to $6 billion, expanding its strategy of buying ETH for treasury reserves.
In an updated filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, the Minnesota-based affiliate marketing firm disclosed a prospectus supplement that increases the amount of common stock eligible for sale by $5 billion, on top of the $1 billion previously filed on May 30.
“We are increasing the total amount of Common Stock that may be sold under the Sales Agreement to $6 billion,” the filing read, noting that SharpLink has already sold $721 million under the original prospectus.
The firm says it may sell an additional $279 million from the previous authorization, alongside the new $5 billion issuance.
The capital raise is part of SharpLink’s aggressive push into ether. The company now holds over 321,000 ETH, worth approximately $1.1 billion at current prices.
That number has grown significantly following a $425 million private placement led by Consensys in early June — a move that also saw Ethereum co-founder Joseph Lubin join the company as chairman of the board.
The firm’s ETH accumulation strategy marks one of the most aggressive treasury pivots in corporate crypto history, echoing early bitcoin strategies by MicroStrategy but with Ethereum as the core asset.
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