SharpLink Gaming Stock (NASDAQ: SBET) Gains on Ethereum Holdings Strategy
SharpLink Gaming’s stock (NASDAQ: SBET) is turning heads on Wall Street, up 12.7% through the pre-market, after a 28.7% gain during Tuesday’s regular session. The company is making waves with a bold strategy: embracing Ethereum (ETH) as its primary treasury reserve asset. This unconventional move has sent the stock on a wild ride, more than doubling in value since the start of the year.
The recent surge is directly linked to the company’s aggressive accumulation of ETH, now totalling a substantial 205,634 ETH.
This dramatic increase in volume accompanied the news that SharpLink had acquired an additional 7,689 ETH at an average price of $2,501 per ETH, and that they had committed 100% of their holdings to staking protocols, earning…
