news 
SharpLink Gaming, Inc.’s (NASDAQ: SBET) shares have skyrocketed after the company’s massive Ethereum buy, worth a staggering $43 million. This significant acquisition has fueled the growth of its crypto treasury.
As announced today, SharpLink acquired 11,259 ETH at an average cost basis of approximately $3,827 per ETH through Galaxy Digital, further solidifying its position among top corporate Ethereum holders. The recent transaction takes the company’s total Ethereum reserves to a staggering 449,276 ETH, now valued at around $1.74 billion.
The move is seen as a bold statement by SharpLink, emphasizing its long-term commitment to the Ethereum ecosystem and confidence in its value as a foundational Web3 infrastructure.
Source: coincentral.com
