Reported 1 day ago
SharpLink Gaming, Inc. (NASDAQ:SBET) experienced a substantial 33.86% increase in its stock price, closing at $28.98, after announcing it became the largest holder of Ethereum globally with the acquisition of 74,656 ETH. This acquisition, completed between July 7 and 13, raised its total Ethereum holdings to 280,706 ETH, leading to an 80.51% rise in stock value during the week. The surge in shares came alongside the company's successful $413 million capital raising through stock issuance.
Source: YAHOO