SharpLink (SBET) Jumps 15.7% as ETH Sets New Record High
We recently published 10 Stocks With Eye-Popping Gains Amid Wall Street Cheer. SharpLink Gaming, Inc. (NASDAQ:SBET) is one of the top performers on Friday.
SharpLink Gaming soared by 15.69 percent on Friday to finish at $20.87 apiece as investor sentiment was bolstered by Ethereum’s soar to a new record high.
During the session, the cryptocurrency climbed to a new high of $4,866, mirroring an overall rally in both crypto and stocks after Federal Reserve Chairman Jerome Powell hinted at rate cuts beginning next month.
SharpLink Gaming, Inc. (NASDAQ:SBET), one of the largest Ethereum treasury owners globally, rallied alongside Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR), with both companies concentrated on the said cryptocurrency.
Earlier this week, SharpLink Gaming, Inc. (NASDAQ:SBET) was able to raise its ETH treasury to more than $3.2 billion following the acquisition of 143,593 ETH at an average price of $4,648 for a total of $667 million.
It also successfully raised $1 billion in fresh funds in the past few months, proceeds of which are allocated for the acquisition of more Ethereum coins.
While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
Content Original Link:
" target="_blank">
