SharpLink Gaming Raise $6B to Expand $1.3B Ethereum Treasury
SharpLink Gaming don increase dia Ethereum treasury to $1.3 billion after dem buy two times ETH worth $273 million each. Di company raise dia stock sale target from $1 billion go $6 billion to fund more Ethereum treasury acquisition through equity plus some debt issuance. When dem announce am, shares drop 20% at first but after dem shift go corporate crypto accumulation, SBET stock don jump over 330% since late May.
Institutional buying still strong: ETH price drop 2% for 24 hours but e climb 41% for two weeks as treasury managers dey demand plenty. Other companies like Bit Digital add almost 20,000 ETH, while Peter Thiel backed BitMine Immersion pass $1 billion mark for ETH holdings. Traders suppose dey watch how big purchases go affect market liquidity and e fit support price for Ethereum.
Bullish
SharpLink Gaming and their padi dem dey collect big big Ethereum treasury, e show say institutional demand strong well well, wey dey make supply tight and dey support price. Even though SBET shares drop small first becos of funding wahala, di shift to corporate crypto piling don drive stock rally gats 330% since May, wey mean say market get confidence. Short term, price fit dey shake around equity or debt funding activities, but as big treasury managers still dey buy ETH, e go keep liquidity steady and put pressure wey go make Ethereum price rise medium to long term.