SharpLink Gaming Plunges 66.4% on Regulatory Filings, PIPE Deal

On June 13, 2025, SharpLink Gaming's stock experienced a significant drop of 66.4% in pre-market trading.

SharpLink Gaming's stock has been on a rollercoaster ride, with multiple reports indicating a substantial decline in its share price. The company's shares have plummeted due to regulatory filings related to a significant securities offering. The filings, which include the resale of nearly 59 million shares, have caused widespread confusion among investors. This confusion has been exacerbated by the company's recent announcement of raising $425 million through a private investment in public equity (PIPE) deal in May. The regulatory filings and the PIPE deal have led to a significant drop in investor confidence, resulting in the sharp decline in the company's stock price.

The company's decision to pursue an ether treasury strategy has also contributed to the volatility in its stock price. The strategy, which involves holding a substantial amount of ether, has raised concerns among investors about the company's financial stability and regulatory compliance. The recent filings with the Securities and Exchange Commission (SEC) have further fueled these concerns, leading to a dramatic decline in the company's stock price.