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by: xpoolPosted on: June 13, 2025

ETH Treasury Strategy Backfires for Sharplink Gaming as Stock Plummets

Sharplink Gaming’s recent foray into ETH treasury strategies has backfired, leaving investors reeling after the company’s stock price plummeted following a financing round. The $463 million investment in ETH, intended to establish a long-term financial reserve, now hangs precariously after the Ethereum market experienced significant weakness, with shares of SBET collapsing by 66% before market open.

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  3. SharpLink Becomes Largest Public ETH Holder After $463 Million Acquisition
  4. SharpLink Gaming Acquires $463 Million Worth of Ethereum
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