SharpLink Gaming plans to purchase $1B ETH according to SEC filing

SharpLink Gaming, a US sports betting platform, has filed with the SEC to offer up to $1 billion in shares to increase its Ethereum holdings. The company plans to use most of the proceeds to purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain. This move has drawn comparisons to Michael Saylor's aggressive Bitcoin acquisitions through his firm, Strategy.