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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With SharpLink Gaming (SBET) Stock?

SharpLink SBET SharpLink Gaming Cryptocurrency
Ethereum,Virtual,Currency,On,Black,Screen

Shares of SharpLink Gaming Inc (NASDAQ:SBET) are trading lower Thursday afternoon, pulling back from a two-day surge. The decline appears to be a consolidation after the stock has rallied heavily in recent weeks on news of its aggressive pivot into the cryptocurrency market.

What To Know: This week’s excitement was sparked by Tuesday’s announcement that SharpLink is now the world’s largest corporate holder of Ethereum (CRYPTO: ETH), possessing 280,706 $ETH. This milestone was achieved following a recent acquisition of 74,656 $ETH at an average price of $2,852 per token.

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