BlockBeats News, May 27th, according to market data, the "ETH Version Microstrategy" NYSE-listed company SharpLink Gaming surged over 650% today, now trading at $49. The stock price was only $2.79 three trading days ago, a three-day increase of 17.56 times.
BlockBeats previously reported that SharpLink Gaming today announced an Ethereum treasury reserve strategy, planning to raise $425 million to increase its ETH holdings. Consensys Software Inc. is the lead investor, with participants including ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital, and other well-known crypto venture capital firms. The transaction is expected to be completed on May 29th. SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset.
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