<ul data-eligibleForWebStory="false"><li>SharpLink acquired 7,689 ETH in a one-week buying spree funded through a $64 million raise via an At-The-Market facility.</li><li>The company has staked all its ETH and earned 322 ETH in rewards since starting its crypto treasury strategy on June 2. SharpLink has introduced an 'ETH Concentration' metric to provide investors with more clarity on its Ethereum exposure.</li><li>Despite this move, SharpLink's stock (SBET) faces skepticism, with analysts raising concerns over weak fundamentals, declining revenue, and negative profitability signals. However, analysts highlight the potential for long-term growth driven by the company's Ethereum-focused gaming strategy.</li><li>SharpLink, based in Minneapolis, aims to become the leading public company in crypto gaming by incorporating smart contracts and Web3 technology into the sports betting sector.</li></ul>

SharpLink Acquires 7,689 ETH in One-Week Buying Spree

Discover more