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SharpLink Gaming Stock Surges 17.15% in 7th Consecutive Gain Day, Ranks 56th in Daily Market Volume
Generated by AI AgentAinvest Volume Radar
Friday, Jul 11, 2025 7:01 pm ET1min read
On July 11, 2025,
(SBET) experienced a significant surge, with its stock price rising by 17.15%, marking the seventh consecutive day of gains and a total increase of 131.55% over the past week. The company's trading volume reached 11.43 billion, placing it at the 56th position in the daily market rankings.SharpLink Gaming has made a substantial investment in the cryptocurrency market by acquiring 10,000 ETH directly from the
Foundation. This purchase, valued at approximately $25.7 million, was completed at a price of $2,572.37 per ETH. The transaction, which took place on July 10, 2025, is part of SharpLink's strategic move to integrate cryptocurrency into its operations. The ETH will be staked and restaked as part of SBET's broader financial strategy, aiming to enhance its digital asset portfolio and potentially drive future growth.The acquisition of 10,000 ETH by SharpLink Gaming is a notable event in the cryptocurrency landscape, marking the first time a publicly listed company has made such a significant direct purchase from the Ethereum Foundation. This move underscores SharpLink's commitment to leveraging blockchain technology and cryptocurrency to innovate and expand its business operations. The strategic investment is expected to bolster the company's financial position and provide new opportunities for growth in the rapidly evolving digital economy.
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