SharpLink Gaming pops 28% as Ethereum holdings surpass $533M
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SharpLink Gaming’s total Ether holdings hit 205,634 ETH after its latest round of buys, which it will commit to staking.
Shares in SharpLink Gaming closed Tuesday trading up over 28% after the sports betting company said it made a series of Ether buys to bring its holdings to 205,634 Ether, worth over $533 million.
SharpLink said on Tuesday that in a buying spree from June 28 to July 4, it acquired 7,689 Ether (ETH) for over $19 million at an average price of $2,501, adding to its growing treasury.
Shares in SharpLink (SBET) jumped on the announcement and gained nearly 28.6% on Tuesday to close trading at $16.29 and continued to rise 4.36% after-hours to $17.
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