SharpLink Gaming experienced a significant stock price increase following the announcement of a new executive appointment.
Shares jumped 5.92% in pre-market trading, stabilizing to a 4.3% gain. The stock price reached $24.33, reflecting heightened investor confidence in the company.
The catalyst for the rally was the appointment of Joseph Chalom as co-CEO. Chalom previously served as head of digital asset strategy at global investment giant BlackRock.
This leadership shake-up places a strong emphasis on cryptocurrency strategy, boosting sentiment towards the ETH-linked gaming technology company.