<ul><li>Ethereum price surged 5% to reach highs of $2,680, propelled by SharpLink Gaming's announcement to buy $425 million worth of ETH for its treasury strategy.</li><li>The price increase led to Ethereum's daily volume spiking to $23 billion, marking an 81% surge, while Ethereum outpaced Solana in terms of projected growth for 2025.</li><li>SharpLink Gaming, a Nasdaq-listed company, plans to raise $425 million by offering 69,100,313 shares at $6.15 per share to invest in Ethereum as its primary treasury asset.</li><li>Leading venture capital firms and ecosystem players have also joined the initiative, including Consensys, Pantera Capital, ParaFi Capital, and Galaxy Digital, among others.</li></ul>

Ethereum surges 5% as SharpLink eyes $425m ETH treasury

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