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SharpLink Gaming Stock Surges 155% in Eight Days, Ranks 51st in Daily Trading Volume
Generated by AI AgentAinvest Volume Radar
Monday, Jul 14, 2025 7:04 pm ET1min read
On July 14, 2025,
(SBET) saw a significant surge in its stock price, rising by 10.30% and marking its eighth consecutive day of gains. Over the past eight days, the stock has soared by 155.40%, reflecting a strong bullish sentiment among investors. The company's trading volume reached 13.71 billion, placing it at the 51st position in the daily stock market rankings.SharpLink Gaming has been actively expanding its
holdings, with a series of substantial purchases over the past few weeks. The company recently acquired 16,370 ETH valued at approximately $48.7 million from a source linked to Consensys. This purchase followed another significant acquisition of 10,000 ETH from the Ethereum Foundation, valued at $25.7 million. The company's aggressive buying spree has seen it add 7,689 ETH worth $19.2 million and another 10,000 ETH acquired in early July from the Ethereum Foundation for $25.7 million.These acquisitions have positioned SharpLink Gaming as one of the largest holders of Ethereum, with its treasury now valued at over $558 million. The company's strategic investments in Ethereum are seen as a move to bolster its financial position and leverage the growing popularity and value of cryptocurrencies. The Ethereum Foundation's decision to sell 10,000 ETH to SharpLink Gaming at a discount just before a rally has also been noted as a significant development in the cryptocurrency market.
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