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SharpLink Gaming ( (SBET) ) has shared an announcement.
On July 7, 2025, SharpLink Gaming entered into a purchase agreement with the Ethereum Foundation to acquire 10,000 ETH for $25,723,680, closing the transaction on July 10, 2025. This strategic move aligns with SharpLink’s long-term vision to support Ethereum’s decentralization mission and strengthen its ecosystem, marking a significant commitment to the network’s future and showcasing a model for mission-driven organizations to advance shared goals.
Spark’s Take on SBET Stock
According to Spark, TipRanks’ AI Analyst, SBET is a Underperform.
SharpLink Gaming’s overall score is primarily affected by its weak financial performance, characterized by declining revenues and persistent losses. Technical indicators suggest a bearish trend, while valuation metrics highlight profitability challenges. However, the strategic acquisition in the crypto gaming space offers a potential growth avenue, balancing some of the financial and operational concerns.
To see Spark’s full report on SBET stock, click here.
More about SharpLink Gaming
SharpLink Gaming, Inc., headquartered in Minneapolis, Minnesota, is the world’s largest publicly traded company to adopt Ethereum (ETH) as its primary treasury reserve asset. The company is focused on reimagining the future of online gaming and sports betting by leveraging smart contracts, DeFi protocols, and Web3 infrastructure to transform the iGaming industry into a more dynamic and equitable ecosystem.
Average Trading Volume: 10,140,921
Technical Sentiment Signal: Sell
Current Market Cap: $1.1B
See more insights into SBET stock on TipRanks’ Stock Analysis page.