SharpLink Gaming Raises $400 Million to Boost Ethereum Holdings

Sharply increasing its crypto assets, SharpLink Gaming, a company shifting from sports betting marketing to an Ether-focused treasury firm, saw its stock value drop on Monday following the announcement of a significant $400 million deal. The agreement with five global institutional investors aims to expand its Ether (ETH) holdings, projected to surpass $3 billion in value. Shares are priced at $21.76 each, and the transaction is expected to close on Tuesday contingent on certain conditions.