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Time Details
2025-05-27
12:25
SharpLink Gaming Stock Surges 230% Pre-Market After $425M Consensys-Led Private Placement to Acquire Ethereum (ETH)

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).

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