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**SharpLink Gaming, Inc. (SBET) Stock: Soars 14% After Bold 10,000 Ethereum Deal with Ethereum Foundation**
SharpLink Gaming, Inc. (Nasdaq: SBET) has made a significant move in the market, skyrocketing by an impressive 14.07% to $21.08 as of 10:49 AM EDT, following a major blockchain-focused deal with the Ethereum Foundation.
The company’s bold decision to acquire 10,000 ETH at an average price of $2,572.37 each has been met with overwhelming positivity from investors and traders alike. The transaction, valued at $25,723,680, has propelled SharpLink Gaming, Inc.’s (SBET) stock price higher than it has been since the start of the month.
As a result of this massive deal, SharpLink has become the second-largest corporate holder of Ethereum globally, further solidifying its commitment to the blockchain ecosystem. The acquisition will not only strengthen their position within the sector but also reposition the company as a pioneer in the new digital finance space.
This significant move demonstrates that institutional investors are now looking for ways to integrate crypto into traditional treasury management strategies. SharpLink Gaming’s bold Ethereum purchase serves as a proof-of-concept, setting a trend for other publicly traded firms.
Source: coincentral.com
