SharpLink Gaming Boosts ETH Holdings by 91,330 Coins, Shares Surge 13% Pre-Market
2025-07-16 11:03:19
Main Idea
Sharplink Gaming significantly increased its Ethereum holdings by 91,330 ETH, valued at approximately $275 million, leading to a 13.08% surge in its pre-market share price.
Key Points
1. Sharplink Gaming's shares rose by 13.08% to $32.820 in pre-market trading following its acquisition of 6,377 ETH worth $19.56 million.
2. The company has added 91,330 ETH (around $275 million) to its holdings over the past week.
3. Sharplink Gaming retains $257 million in capital reserves for future Ethereum purchases.
4. The acquisitions highlight the company's strategic focus on expanding its cryptocurrency portfolio.
Description
On July 16, Sharplink Gaming (SBET) experienced a notable surge in pre-market trading, with shares rising by 13.08% to $32.820. This uptick follows the company’s strategic acquisition of an additional
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