Minnesota-based affiliate marketing firm SharpLink (Ticker: SBET) has purchased 176,270 ETH — valued at nearly $463 million — to fuel its new Ethereum treasury strategy.

That makes them the second-largest Ethereum holder in the world, right behind the Ethereum Foundation itself. 🐋

But the markets weren’t impressed… 👇

Just hours later, SBET stock crashed 70% after an SEC filing revealed plans for a potential resale of 68 million common shares.

📉 A $463M crypto bet followed by a brutal stock sell-off — this is the volatility investors live for.

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