"ETH Version of MicroStrategy" SharpLink Gaming Surges Over 650% Today, Up More Than 17 Times in Three Days

Market data shows that "ETH version of MicroStrategy" publicly traded company SharpLink Gaming surged over 650% today, currently priced at $49, with the stock price just $2.79 three trading days ago, marking an increase of over 17.56 times in three days. Previously reported, SharpLink Gaming announced today an Ethereum treasury reserve strategy, intending to raise $425 million to increase its ETH holdings. Consensys Software Inc. is leading the investment as the main investor, with participation from well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed by May 29. SharpLink plans to use the raised funds to purchase Ethereum as the company's main treasury reserve asset.