🚨 SharpLink Gaming Crashes 70% After PIPE Filing Misread

Shares of SharpLink fell nearly 70% after-hours following an SEC S-3ASR filing linked to its recent $450M PIPE round 📉

📄 The market assumed PIPE investors were dumping shares.

But Joseph Lubin, ETH co-founder & now board chair, clarified:

“Just a registration, not a selloff — standard PIPE procedure.”

💥 PIPE backers include ConsenSys, Galaxy, Pantera Capital.

Funds will be used to buy ETH as reserve assets. Ethereum meets TradFi?

#SharpLink #PIPE