Reported 3 days ago
SharpLink Gaming, Inc. (NASDAQ:SBET) experienced a notable 5.93% increase in share prices, closing at $19.47, following its announcement of a substantial $667 million purchase of Ethereum (ETH). This acquisition is part of a larger $1 billion fundraising initiative aimed at increasing its Ethereum holdings, which now exceed $3 billion. Despite this optimistic development, the company reported a significant increase in net losses during the second quarter, raising concerns about its overall financial health.
Source: YAHOO