SharpLink Gaming’s Ethereum Treasury Move Tanks Stock Price – Coincu
The post SharpLink Gaming’s Ethereum Treasury Move Tanks Stock Price – Coincu appeared on BitcoinEthereumNews.com.
Key Points: SharpLink Gaming’s Ethereum purchase leads to massive stock sell-off. SBET shares plummet 91% in two weeks. High volume indicates market uncertainty and panic. SharpLink Gaming’s stock experienced a sharp decline on June 13, 2025, following its purchase of $463 million in Ethereum. The company’s value fell significantly in after-hours trading. Investors reacted negatively to SharpLink’s significant shareholder dilution, contributing to an unprecedented 91% decrease in stock value. SharpLink’s $463M Ethereum Buy Sparks Massive Sell-Off SharpLink Gaming Ltd. experienced a dramatic decline in stock value following its announcement of an Ethereum treasury strategy. Trading volumes surged as investors reacted to the news. The company announced a $463 million Ethereum purchase, aiming to strengthen its position as one of the largest ETH-treasury public companies. The unexpected securities resale filing signaled potential shareholder dilution. This sparked a broader market sell-off among investors fearing over-leverage and speculative price action. Market participants noted excessive volatility, with trading volume more than 10 times the average. Almost all participants in the SBET private placement have sold off all their shares less than a month after announcing the ETH treasury strategy initiative. – Steven Zheng, Research Analyst, The Block Ethereum Market Volatility and Regulatory Scrutiny Did you know? Instances of public companies heavily investing in crypto assets, such as MicroStrategy’s BTC allocations, typically result in significant volatility but often stabilize with strategic communication efforts. As of June 14, 2025, Ethereum (ETH) is priced at $2,520.71 per CoinMarketCap. It holds a market cap of $304.30 billion and dominates 9.3% of the market. Recent price shifts show a 1.60% drop over 24 hours, but a significant 57.95% increase over 60 days, reflecting ongoing volatility. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 22:44 UTC on June 14, 2025. Source: CoinMarketCap Coincu’s research team suggests SharpLink’s move may lead to…
