Sharplink Gaming's stock price fell over 20% in pre-market trading, with a rise of 1,918.26% over the past 5 days.

BlockBeats News, on June 2, Sharplink Gaming's stock price fell more than 20% pre-market, and has risen 1,918.26% in the past five days. BlockBeats previously reported that on May 31, SharpLink Gaming filed a Form S-3 ASR with the U.S. SEC and has entered into an ATM (mark-to-market) sale agreement with A.G.P., under which A.G.P. can issue and sell up to $1 billion of common stock. The vast majority of the proceeds from the offering will be used to purchase ETH, the native cryptocurrency of the Ethereum blockchain, and the proceeds from the offering are also planned to be used for working capital needs, general corporate purposes, operating expenses, and more. SharpLink Gaming has entered into a securities purchase agreement for a $425 million private placement, led by Consensys Software Inc. as the lead investor, with participation from well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital, and more, and the transaction is expected to close on May 29.