“We are increasing the total amount of stock available for sale to $6 billion,” reads SharpLink’s updated SEC filing. The Minnesota-based marketing firm, now the largest corporate holder of ether, has already sold $721 million in shares and plans to offer another $5 billion beyond the previously filed amount.

In addition, SharpLink may sell $279 million more under the original authorization. These funds will support the company’s ongoing ETH accumulation, which now exceeds 321,000 ETH — valued at approximately $1.1 billion at current prices.

The move follows a $425 million private placement led by Consensys in June, during which Ethereum co-founder Joseph Lubin joined SharpLink’s board as chairman.

Analysts say the strategy marks one of the most aggressive treasury pivots in corporate crypto history — echoing early Bitcoin purchases by MicroStrategy, but with Ethereum at the center.