SharpLink Acquires 7,689 ETH in One-Week Buying Spree

The purchase was funded through a $64 million raise via an At-The-Market facility, with more ETH buys likely ahead. Since […]

The post SharpLink Acquires 7,689 ETH in One-Week Buying Spree appeared first on Coindoo.

The purchase was funded through a $64 million raise via an At-The-Market facility, with more ETH buys likely ahead.

Since kicking off its crypto treasury strategy on June 2, SharpLink has staked all its ETH and earned 322 ETH in rewards. The company has also rolled out a new ‘ETH Concentration’ metric, aimed at giving investors greater clarity on its Ethereum exposure.

Despite the bold pivot, SharpLink’s stock (SBET) faces skepticism. Spark, TipRanks’ AI-powered analyst, rates the stock as “Underperform” due to weak fundamentals, declining revenue, and negative profitability signals. Still, analysts note the company’s Ethereum-driven gaming focus could open doors to long-term growth.

   

 

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Based in Minneapolis, SharpLink is positioning itself as the leading public company in crypto gaming, integrating smart contracts and Web3 tech into the sports betting landscape.

The post SharpLink Acquires 7,689 ETH in One-Week Buying Spree appeared first on Coindoo.

 

Source: https://coindoo.com/sharplink-acquires-7689-eth-in-one-week-buying-spree/

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