On June 26, 2025, SharpLink Gaming (SBET) shares are trading at $10.28, up 6.11% from the previous close. This follows a series of strategic moves in 2025 aimed at strengthening its financial position and market presence. These moves include a reverse stock split and a significant private placement.
On May 27, 2025, SharpLink announced a private placement of approximately $425 million, with ConsenSys Software Inc. as the lead investor. The company plans to adopt an Ethereum Treasury Strategy, using the funds to acquire Ethereum (ETH).
Earlier, on May 6, 2025, SharpLink implemented a 1-for-12 reverse stock split to meet Nasdaq's minimum bid price requirement. The company regained Nasdaq compliance by June 5, 2025. As of June 26, 2025, the stock has seen a 665% year-to-date gain.