According to online reports, SharpLink Gaming (NASDAQ: SBET), a Minnesot-based company, submitted an updated prospectus with the U.S. Securities and Exchange Commission (SEC), planning to issue an additional US$5 billion in common stock on top of the original US$1 billion. To further purchase Ethereum (ETH) for the company's treasury. As of July 16, the company has held more than 321,000 ETH (approximately US$1.1 billion), making it currently the largest Ethereum corporate holder. The expansion stems from a $425 million private equity financing led in June by Consensus, whose CEO and co-founder of Ethereum Joseph Lubin is now chairman of SharpLink's board.