US EditionEthereum (ETH) Treasury News: SharpLink Gaming (SBET) Plunges 70%. But There's a Catch
- SharpLink Gaming shares plunged over 70% in after-hours trading on June 12, 2025, following an S-3 registration filing with the SEC to register nearly 59 million shares for resale.
- The filing enables more than 100 PIPE investors to potentially sell shares, a standard post-PIPE procedure some market participants misunderstood as immediate sales.
- Joseph Lubin, SBET chairman and Consensys CEO, clarified on June 12 that neither he nor the company sold shares and that the filing is hypothetical and not a signal of actual sales.
- SBET raised $425 million in a PIPE led by Consensys to establish Ether as its treasury asset, acquiring about 76,270 ETH at an average price of $2,626 per token, with over 95% deployed in staking.
- Despite the share drop reflecting market concern over dilution, SBET’s Ethereum treasury strategy and staking deployment may influence its longer-term outlook amid broader crypto market declines.
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25 Articles
Cryptonews.com
http://coinprofitnews.comSharpLink Gaming Buys $463M in ETH, Becomes Largest Public ETH Holder
The Curse Of Ethereum: First-Ever ETH Treasury Company Suffers Sharo 73% Crash – Details - Coin Surges
Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X post, Steven Lubka, the VP of investor relations at Nakamoto, drew the crypto community’s…
Bitcoinist
The Curse Of Ethereum: First-Ever ETH Treasury Company Suffers Sharo 73% Crash – Details
Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X post, Steven Lubka, the VP of investor relations at Nakamoto, drew the crypto community’s…
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