SharpLink Gaming's stock surged over 28% after the sports betting company announced a series of Ether purchases, bringing its total Ethereum holdings to 205,634 ETH, valued at over $533 million. From June 28 to July 4, the company acquired 7,689 ETH for about $19 million at an average price of $2,501. In addition, SharpLink raised $64 million in net proceeds by issuing over 5.4 million shares to fund further ETH acquisitions. They are committed to staking all their ETH, having earned 322 ETH in rewards since June 2. The company's chairman stated that its continued success stems from a disciplined ETH-centered treasury strategy.

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