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SharpLink (SBET) News: Shares Give Back some of Last Week's Extraordinary Gains.

Summary by Coin Desk
The company Monday morning announced the closing of its $450 million capital raise with which it intends to but ETH for its treasury.

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+2 Reposted by 2 other sources

SharpLink Gaming Stock Falls Back to Earth Following Ethereum Treasury Pivot

While still up massively on the month amid its Ethereum treasury move, SharpLink Gaming (SBET) shares have plunged 38% since open Monday.

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SharpLink Gaming plans to buy $1B in Ether! The renowned company SharpLink Gaming has announced its bold strategy of buying $1B in Ether, marking a milestone in its incursion into the world of cryptocurrency.This bet on Ethereum underscores its vision for the future and the growing interest in digital investments.Strategic reinforcement in cryptocurrency In a decisive move, SharpLink Gaming plans to sell shares to finance this outstanding acquis…

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One billion. Not in bonds, not in gold. In Ether. When SharpLink Gaming opens its checkbook, it's not to play — it's to bet everything on the Ethereum table. While old finance clings to its interest rates as to a buoy, a sports betting company has just placed a thermonuclear bomb on the crypto landscape. The article Crypto: SharpLink bets 1 billion on the Ether and ignites markets has appeared first on Cointribune.

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CoinTribune broke the news in on Monday, June 2, 2025.
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