Odaily Planet Daily News: Joseph Lubin, chairman of the board of SharpLink and founder and CEO of ConsenSys, said the company is considering raising funds through the issuance of convertible notes to stabilize the stock price without immediately diluting the equity.

Lubin noted that SharpLink's previous ATM (at-the-market) stock sales diluted SBET investors, sparking market panic and sending the company's stock price plummeting from $37 to below $20 within two weeks. Financing through convertible notes will temporarily reduce the number of shares outstanding, helping to alleviate short-term selling pressure, but it still carries the risk of equity dilution going forward.