SharpLink Gaming Stock Gains After Announcing Ethereum Purchase

Benzinga·07/11/2025 14:35:03

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SharpLink Gaming (NASDAQ:SBET) shares are trading higher after the company announced it purchased 10,000 units of Ethereum (CRPYTO:ETH).

What To Know: SharpLink said it acquired 10,000 ETH from the Ethereum Foundation for $25,723,680, or $2,572.37 per ETH. The deal closed July 10, 2025, and the company now holds Ethereum as its primary treasury reserve asset.

"This isn’t a trade – it is a commitment to our long-term vision," said Joseph Lubin, Chairman of SharpLink. "SharpLink is acquiring, staking and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem."

How To Buy SharpLink Stock

By now you're likely curious about how to participate in the market for SharpLink Gaming – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of SharpLink, which is trading at $18.48 as of publishing time, $100 would buy you 5.41 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

SBET Price Action: At the time of writing, SharpLink shares are trading 14.00% higher at $21.07, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.

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