On July 16, Sharplink Gaming (SBET) experienced a notable surge in pre-market trading, with shares rising by 13.08% to $32.820. This uptick follows the company’s strategic acquisition of an additional 6,377 ETH, valued at roughly $19.56 million, reinforcing its commitment to expanding its cryptocurrency portfolio. Over the last week, Sharplink Gaming has aggressively increased its Ethereum holdings by 91,330 ETH, equating to an investment of approximately $275 million. Furthermore, the firm disclosed it retains around $257 million in capital reserves, earmarked for future Ethereum purchases. These moves underscore Sharplink Gaming’s robust positioning within the digital asset space and highlight its proactive approach to capital allocation amid evolving market dynamics.
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