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SharpLink Gaming’s shares plummeted over 38% despite securing $425 million to build an Ethereum treasury. The company aims to become the largest publicly traded holder of ETH, backed by major crypto investors.
- SharpLink's stock fell 38% despite securing $425M for Ethereum purchases, aiming to be the largest public ETH holder.
- Consensys CEO Joseph Lubin joins SharpLink's board as part of the funding round, which included Galaxy Digital and Pantera Capital.
- Ethereum's price outlook improves with analysts predicting a potential surge to $5,000 by 2025, driven by stablecoin dominance and network upgrades.
📎 Related coverage from: decrypt.co
Other Tags: BitMEX, Bernstein, Consensys, Galaxy Digital, Joseph Lubin, Pantera Capital, Arrington Capital, Electric Capital, GSR, Nasdaq, ParaFi Capital, Treasury