Stock Track | SharpLink Gaming (SBET) Plummets 5.43% as Investors Take Profits Following Ethereum Rally

Stock Track

Jul 17, 2025

SharpLink Gaming (SBET) saw its stock price plummet 5.43% in pre-market trading on Thursday, as investors appeared to take profits following the company's recent surge tied to Ethereum's price rally. The stock's decline comes after a significant 29.03% gain the previous day, which had pushed SBET to a monthly high of $37.38.

The volatility in SBET's stock price is closely linked to its aggressive Ethereum treasury strategy. SharpLink Gaming, often referred to as the "MicroStrategy of Ethereum," has positioned itself as a major corporate holder of ETH. The company has acquired over 320,000 ETH to date, with an average cost basis of $2,700, resulting in substantial unrealized gains as Ethereum's price continues to climb.

While Ethereum extended its rally on Thursday, jumping 7% in the past 24 hours to reach a six-month high of $3,422, the pullback in SBET's stock suggests that some investors are cashing in on the recent gains. Despite the day's decline, SharpLink Gaming's long-term prospects remain tied to the performance of Ethereum and the broader cryptocurrency market, as the company continues to align itself with the trend of institutional Ethereum adoption.

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The stock's decline comes after a significant 29.03% gain the previous day, which had pushed SBET to a monthly high of $37.38.</p>\n\n<p>The volatility in SBET's stock price is closely linked to its aggressive Ethereum treasury strategy. SharpLink Gaming, often referred to as the \"MicroStrategy of Ethereum,\" has positioned itself as a major corporate holder of ETH. The company has acquired over 320,000 ETH to date, with an average cost basis of $2,700, resulting in substantial unrealized gains as Ethereum's price continues to climb.</p>\n\n<p>While Ethereum extended its rally on Thursday, jumping 7% in the past 24 hours to reach a six-month high of $3,422, the pullback in SBET's stock suggests that some investors are cashing in on the recent gains. Despite the day's decline, SharpLink Gaming's long-term prospects remain tied to the performance of Ethereum and the broader cryptocurrency market, as the company continues to align itself with the trend of institutional Ethereum adoption.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBET","symbol_name":"SharpLink Gaming","start_time":0,"source_url":"","article_id":"1149421907","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149421907","pubTimestamp":1752759428,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SharpLink Gaming (SBET) saw its stock price plummet 5.43% in pre-market trading on Thursday, as investors appeared to take profits following the company's recent surge tied to Ethereum's price rally....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SBET":"SharpLink Gaming"},"translate_title":"个股追踪|SharpLink Gaming(SBET)暴跌5.43%投资者在以太币反弹后获利了结","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBET":1},"content_text":"SharpLink Gaming (SBET) saw its stock price plummet 5.43% in pre-market trading on Thursday, as investors appeared to take profits following the company's recent surge tied to Ethereum's price rally. The stock's decline comes after a significant 29.03% gain the previous day, which had pushed SBET to a monthly high of $37.38.\nThe volatility in SBET's stock price is closely linked to its aggressive Ethereum treasury strategy. SharpLink Gaming, often referred to as the \"MicroStrategy of Ethereum,\" has positioned itself as a major corporate holder of ETH. The company has acquired over 320,000 ETH to date, with an average cost basis of $2,700, resulting in substantial unrealized gains as Ethereum's price continues to climb.\nWhile Ethereum extended its rally on Thursday, jumping 7% in the past 24 hours to reach a six-month high of $3,422, the pullback in SBET's stock suggests that some investors are cashing in on the recent gains. 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