SharpLink Bets Big on Ethereum—$425M Treasury Move Sends Stock Soaring 420%
Wall Street meets Web3 in a plot twist nobody saw coming. SharpLink—a publicly traded company better known for gaming tech than crypto plays—just dropped a nine-figure bombshell.
The $425 million Ethereum treasury gambit
Forget boring corporate bonds or stock buybacks. SharpLink’s raising eyebrows (and capital) by funneling fresh funding into ETH reserves. The move smells like a hedge against inflation—or maybe just FOMO dressed up as corporate strategy.
Market goes berserk
Traders clearly love the narrative. Shares ripped 420% on the news—because nothing says ’sound investment’ like a meme-worthy percentage gain. Meanwhile, crypto Twitter’s debating whether this signals institutional adoption or just another case of pandemic-era liquidity finding weird places to park.
The punchline? Some analyst will inevitably call this ’forward-thinking treasury management.’ Everyone else will wonder if the CFO moonlights as a degen.
