SharpLink Gaming soars over 400% after $425M Ethereum Investment

Minneapolis-based sports marketing firm SharpLink Gaming experienced a significant stock price surge, rising over 400%, following the announcement of a major $425 million private equity funding round. The investment, spearheaded by Consensys Software Inc., a company co-founded by Ethereum co-creator Joseph Lubin, will utilize Ethereum as its primary treasury reserve asset. This move pushed SharpLink’s market capitalization to approximately $23 million and increased its share price from $7 to over $34 within days. 💰