SharpLink Gaming raised $79 million through its $1 billion at-the-market (ATM) equity program between May 30 and June 12, planning to use the proceeds to purchase additional Ether

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SharpLink Gaming has since raised an additional $79 million in proceeds from selling shares under its $1 billion ATM equity program between May 30 and June 12, which the firm plans to use to buy more ether, the firm said.

Minneapolis-based firm said that it had raised $79 million through at-the-market (ATM) offering of common shares. Under its ATM equity program, the company is able to issue $1 billion in equity to buy more Ethereum.