Gaming company SharpLink has made a significant move by investing $425 million to transition its treasury assets from traditional currencies to Ethereum. This strategic shift was facilitated through a private placement led by Consensys Software Inc. The announcement triggered a surge in both SharpLink’s stock and the price of Ethereum, as investors anticipate this move represents a major step towards mainstream institutional adoption of cryptocurrencies. 360% increase in SharpLink’s stock post-announcement highlights investor confidence. Consensys founder Joseph Lubin has been appointed chairman of SharpLink’s board, further solidifying this significant partnership.