The price target for Ethereum adjusts to $3,000 after the adoption of ETH's "treasury strategy" by SharpLink
ETH bulls find a reason to trade upward after SharpLink Gaming reveals plans to form a $425 million Ethereum treasury.
SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH.
The open interest in Ethereum futures reaches an all-time high of $36.1 billion, with the price of ETH rising 4.5% on the daily chart.
SharpLink Gaming (SBET), listed on Nasdaq, announced a $425 million private investment in public equity (PIPE), acquiring approximately 69.1 million shares at $6.15 each to establish the first Nasdaq-listed company with an Ethereum treasury
