SharpLink Shares Rise After Firm Buys $30 Million in ETH From Ethereum Foundation
2025-07-11 16:43:04
Main Idea
SharpLink Gaming's stock surged after acquiring 10,000 Ethereum from the Ethereum Foundation, coinciding with Ethereum's price rise, while Bitcoin ETFs saw significant inflows and other crypto-related developments occurred.
Key Points
1. SharpLink Gaming acquired 10,000 Ethereum from the Ethereum Foundation, leading to a 71% stock price increase over the past week.
2. Ethereum's price climbed above $3,000 for the first time in five months, a 17% gain.
3. U.S. spot Bitcoin ETFs recorded over $1.17 billion in inflows, led by BlackRock's IBIT, Fidelity's FBTC, and ARK's ARKB.
4. Agora raised $50 million in a Series A round to expand its stablecoin platform.
5. Rumble announced plans to launch a crypto wallet with MoonPay, and Truth Social teased a utility token tied to its Patriot Package subscription.
Description
The Ethereum treasury company is only second to the Ethereum Foundation in the size of its holdings.
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