May 28, 2025

**Minneapolis, MN** – In a stunning market rally, shares of **SharpLink Gaming (NASDAQ: SBET)** skyrocketed **412%** on Tuesday after the sports betting and marketing company revealed plans to adopt an **Ethereum (ETH) treasury reserve strategy**—with guidance from **Joseph Lubin**, co-founder of Ethereum and founder of ConsenSys.

Key Details of the Announcement**

✅ **Ethereum Treasury Reserve** – SharpLink will allocate a portion of its cash reserves into **ETH**, following the trend of corporate crypto adoption.

✅ **Joseph Lubin’s Involvement** – The Ethereum pioneer will advise SharpLink on blockchain integration and treasury management.

✅ **Strategic Shift** – The move signals SharpLink’s pivot toward **Web3 and decentralized finance (DeFi)** in the sports betting industry.


$ETH Ethereum?

The company cited Ethereum’s **smart contract capabilities, institutional adoption, and long-term growth potential** as key factors. A SharpLink spokesperson stated:

> *"By holding ETH, we position ourselves at the forefront of blockchain innovation. Joseph Lubin’s expertise ensures we execute this strategy responsibly."*

## **Market Reaction**

📈 **SBET Stock Explodes** – Shares surged from **$0.45 to $2.30** in a single session.

💰 *$ETH Ethereum Price Impact** $ETH

ETH rose **3%** on the news, nearing **$2,750**.

🔄 **Institutional Interest?** – Analysts speculate if more small-cap firms will follow.

## **What’s Next?**

- SharpLink will disclose **ETH purchase timelines** in upcoming SEC filings.

- Potential **blockchain-based betting products** in developmen

**Suggested Visuals for the Article:**

1. **Headline Image:**

- *SharpLink logo with Ethereum’s purple branding in the background.*

- *Joseph Lubin speaking at a blockchain conference (with SharpLink branding overlay).*

2. **Infographic:**

- **"SBET’s Meteoric Rise"** – Chart showing the **412% stock surge** compared to Bitcoin and Ethereum price movements.

- **"Corporate Crypto Treasuries"** – Comparison of SharpLink’s ETH holdings vs. MicroStrategy (BTC), Tesla (BTC), etc.

3. **Reaction Graphic:**

- *Split image: Traders celebrating (meme-style) vs. cautious analysts warning of volatility.*

4. **Closing Visual:**

- *Ethereum price chart with a sharp uptick following the announcement.*

**Will SharpLink’s bet on Ethereum pay off?** Stay tuned as this story develops.

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