SharpLink Gaming stock rockets 420% as it raises $425Million to buy ETH and adopt it as its primary treasury asset

SharpLink Gaming is raising $425 million in a private placement to adopt Ethereum (ETH) as its primary treasury asset. The move positions the company as one of the first public companies to center its treasury around Ethereum. The funding round includes 69.1 million shares priced at $6.15 each, with Consensys Software Inc. as the lead investor. Ethereum co-founder Joseph Lubin will join the company's Board and become Chairman after the deal closes.