SharpLink Gaming, a United States-based sports betting platform, has filed with the SEC to offer $1 billion in shares of common stock to boost holdings in the Ether treasury.
According to data from Google Finance, Sharplink Gaming Inc. stock (NASDAQ: SBET) has lost 3.17% of its value and closed trading at $76.70 on May 30, 2025.
Despite this loss in the past trading session, SBET stock surged 1,981% in the weekly time frame, and in the year-to-date time frame stock is up by 849.26%.
Earlier on May 27, 2025, it was reported that Sharplink announced a $425 million private investment in public equity (PIPE), roughly 69.1 million shares at $6.15 each to establish the 1st Nasdaq-listed Ether treasury company.
The move is praised and argued that it came following the successful Bitcoin strategy by companies like MicroStrategy and Metaplanet, which gathered millions in gains from yield.
A quick brief of the Ethereum price
When writing, Ethereum was at $2,520 with an intraday loss of 4.04%, and the market cap has reached $304.13 billion after a slight decline of 4.05%. Yet in the monthly frame, ETH added 40.78% to its price, and around 13.21% growth has been seen in a quarter.
The press time trading price of Ether is above its 20, 50, 100, and 200-day exponential moving averages, the relative strength index is at 56.63, indicating neutrality, and stochastic %k (14, 3, 3) is at 51.46, also indicating a neutral action.
According to data from TradingView, in monthly frames, the visible resistance of Ethereum is $3,948.84, followed by $4,422 and $5,189.
At the same time, its clearly visible support is $2,401, followed by $1,980 and $1,590; however, there are nominal chances of Ether dropping below $2,000.
Crypto market price updates
Until publishing, the crypto market cap was $3.25 trillion and the trading volume $146.37 billion, yet the crypto fear and greed index was at 55, indicating a way towards neutrality.
In the past 24 hours, Bitcoin recorded a market dominance of 63.5%, Ethereum dominated 9.4%, and the remaining crypto dominated 27.1%.
Open interest perpetual is $660.39 billion, and futures stand at $3.9 billion. On the other hand, Bitcoin’s implied volatility is 46.97, and Ethereum’s is 75.07.
Bitcoin is trading at $103,804, down 1.72%, and Solana is at $154.62, down 5.29%.
