SharpLink Gaming (SBET), a minor gambling company with a market cap of just $10 million, announced it had acquired approximately 163,000 Ethereum (ETH) through a $425 million private equity investment. The news sent SharpLink’s stock soaring, with gains exceeding 500% at one point. Crypto as a Market Catalyst Buying cryptocurrencies may be becoming the new wealth code for US-listed companies to boost their stock prices. The origin of this trend, of course, is MicroStrategy (now rebranded as S...

SharpLink Gaming (SBET), a minor gambling company with a market cap of just $10 million, announced it had acquired approximately 163,000 Ethereum (ETH) through a $425 million private equity investment. The news sent SharpLink’s stock soaring, with gains exceeding 500% at one point. Crypto as a Market Catalyst Buying cryptocurrencies may be becoming the new wealth code for US-listed companies to boost their stock prices. The origin of this trend, of course, is MicroStrategy (now rebranded as S...