🚨 SharpLink Gaming Crashes 70% After PIPE Filing Misread
Shares of SharpLink fell nearly 70% after-hours following an SEC S-3ASR filing linked to its recent $450M PIPE round 📉
📄 The market assumed PIPE investors were dumping shares.
But Joseph Lubin, ETH co-founder & now board chair, clarified:
“Just a registration, not a selloff — standard PIPE procedure.”
💥 PIPE backers include ConsenSys, Galaxy, Pantera Capital.
Funds will be used to buy ETH as reserve assets. Ethereum meets TradFi?
