
SharpLink Gaming (NASDAQ:SBET) climbed 5.28% during Monday pre-market amid reports that the company is making significant strides in its Ethereum (CRYPTO: ETH) strategy, nearing a substantial milestone with a recent major acquisition.
What Happened: On Monday, Blockchain analysis platform Lookonchain, in a post on X, disclosed that SharpLink procured 77,210 ETH, valued at roughly $295 million. This acquisition increases the company’s total Ethereum reserves to 438,017 ETH, worth approximately $1.69 billion.