SharpLink Gaming shares surge 14.14% after-hours as Apeiron Capital liquidates $23M stake amid firm’s crypto-focused pivot and Ethereum price gains.

SharpLink Gaming (SBET) surged 14.14% in after-hours trading, driven by strategic shifts in its business model and investor speculation on its Ethereum-focused initiatives. The stock’s movement follows Apeiron Capital’s $23 million stake sale, which analysts attribute to the firm’s broader liquidation rather than a negative view of SharpLink. The company has transitioned from sports gaming to Ethereum investing, with Q3 revenue rising to $10.8 million from crypto-related gains. Recent disclosures of a $170 million Ethereum deployment into DeFi strategies and a $33 million staking profit have reinforced its positioning as a high-risk, high-reward play in the crypto sector. Despite prior dips linked to market volatility, the after-hours rally reflects renewed optimism around its Ethereum-centric strategy and potential for capital appreciation.