SharpLink Gaming’s shares surged over 7% after revealing strategic expansion of its cryptocurrency assets. The company acquired 12,207 Ether at an average price of $2,513 per ETH, boosting its total Ethereum holdings to 188,000 tokens valued at approximately $457.4 million.
The firm has fully staked its Ether reserves within decentralized finance protocols, generating 120 ETH in rewards to date. This move demonstrates active utilization of blockchain-based yield mechanisms while reinforcing institutional confidence in Ethereum’s long-term value proposition.
Despite the positive market reaction that lifted shares to $9.66 during trading, SharpLink’s stock price remains substantially below its late-May peak of $79.21. This divergence highlights ongoing market volatility while underscoring corporate adoption trends where enterprises increasingly leverage crypto staking for treasury management.