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SharpLink Gaming’s stock surged after acquiring $30 million worth of Ethereum from the Ethereum Foundation. The OTC sale highlights the firm’s pivot to crypto treasury management amid Ethereum’s price rally.
- SharpLink's stock surged 71% post-acquisition, aligning with Ethereum's 17% price rally to $3,000.
- The Ethereum Foundation's OTC sale to SharpLink avoids market sell pressure, addressing community concerns over 'dumping.'
- SharpLink, chaired by Ethereum co-founder Joe Lubin, now holds 215,000 ETH ($644M), pivoting from sports gambling to crypto treasury management.
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