SharpLink Gaming Bolsters Ethereum Treasury With $30M Buy, Shares Surge 7%
The share price of Minnesota-based affiliate marketing firm SharpLink Gaming soared over 7% in the past 24 hours after the company announced a second Ethereum (ETH) purchase for $30 million. In a June 25 announcement , SharpLink Gaming said it purchased 12,207 ETH at an average price of $2,513 last week for around $30.7 million. SharpLink Gaming Sells Shares To Buy More ETH, Stakes All Of Its Holdings SharpLink said in its announcement that it sold 2.54 million shares last week as well to raise $27.7 million. The majority of the funds will be used to further bolster its Ethereum treasury, the firm added. Today, SharpLink announces that our ETH holdings have further increased to 188,478, which were acquired at an average price of $2,513 per ETH. https://t.co/7kENpBWM41 pic.twitter.com/reFHxplxA9 — SharpLink Gaming (@SharpLinkGaming) June 24, 2025 That’s after the company raised $425 million for its ETH acquisition plan in May. SharpLink Gaming then beca...