According to Charles | dYdX (@charlesdhaussy), SharpLink Gaming (NASDAQ:SBET) announced a $425 million private placement led by Consensys, driving the stock up 230% in pre-market trading. The company will use the funds to acquire Ethereum (ETH) as its primary treasury reserve asset, directly linking traditional equity markets to major crypto asset flows. This move is expected to boost Ethereum's institutional demand and may influence ETH price dynamics, making $ETH a critical ticker for traders to watch. (Source: Twitter @charlesdhaussy, May 27, 2025)

According to Charles | dYdX (@charlesdhaussy), SharpLink Gaming (NASDAQ:SBET) shares jumped 230% in pre-market trading after announcing a $425 million private placement led by Consensys. The company confirmed it will use the funds to purchase Ethereum (ETH) as its primary treasury reserve asset, positioning ETH as a key strategic holding. This significant move signals growing institutional adoption of Ethereum and may drive further bullish sentiment in the crypto market, especially for ETH/USD trading pairs. Source: Twitter (@charlesdhaussy, May 27, 2025).