
SharpLink Gaming, Inc. (SBET) has made a significant announcement in the crypto market. The company has become the world’s largest corporate holder of Ethereum, holding a staggering 280,706 units. This monumental move has led to a sharp surge in the stock price, with SBET surging over 10% early Monday and trading at $26.35 by 10:07 AM EDT.
This massive acquisition is expected to have significant implications for the company’s treasury strategy. With this new development, SharpLink Gaming is cementing its position as a digital-first enterprise. The aggressive Ethereum buying spree has pushed the stock into bullish territory.
Source: coincentral.com