SharpLink shares down on day, gain after-hours
Shares in SharpLink Gaming (SBET) closed trading on Monday down over 6.6% at $22.34 after announcing the deal. The stock recovered slightly after the bell, gaining nearly 3.5% to $23.10.
The drop on Monday reversed some of the gains the stock had enjoyed over the past five trading days, having risen to a high of over $28 in early trading on Monday.
SharpLink is still up 17.5% in the last five trading days and 189% so far this year after it started buying Ether in May.
In mid-June, shares in the company fell 73% in a single after-hours trading session after it filed to potentially resell 58.7 million of its common shares, which saw Lubin take to X to say some were “misinterpreting SBET’s” filing, which he said was a standard procedure
As of Sunday, SharpLink has scooped up a total of 598,800 ETH, currently worth $2.57 billion as Ether traded around $4,300. Its ETH holdings trail only Bitcoin mining service provider BitMine Immersion Technologies, which holds over 1.15 million ETH worth nearly $5 billion.
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