SharpLink Gaming’s 18.66% Surge: Ethereum Treasury Reserve Strategy Set to Elevate ETH Holdings

COINOTAG reports that on May 30, SharpLink Gaming, a prominent company traded on the New York Stock Exchange, experienced a substantial increase of 18.66% in pre-market trading, now pricing its shares at $94.02. This surge is attributed to the company’s recent announcement surrounding its new Ethereum treasury reserve strategy, aiming to secure around $425 million to bolster its ETH assets. Leading this significant investment initiative is Consensys Software Inc., alongside other notable participants such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital, reflecting a solid endorsement from the crypto venture capital community. The completion of this transaction is anticipated shortly following its announcement, with the funds earmarked for increasing Ethereum holdings, reinforcing SharpLink’s strategic focus on incorporating digital assets as a core component of its corporate treasury.