CoinVoice has recently learned that, according to CoinDesk, SharpLink Gaming (SBET) announced the purchase of 7,689 ETH for $19.2 million, increasing its total ETH holdings to 205,634 (approximately $533 million). As a result of this latest news, the company's stock price rose by as much as 26% to $15.93.

SharpLink stated that of the $64 million raised last week through stock issuance, $37.2 million will be used to continue increasing its ETH holdings. The company also introduced a new metric called 'ETH Concentration,' showing that for every 1,000 shares of outstanding stock, there are 2.37 ETH. [Original link]