SharpLink Gaming shares closed down over 6.5% on Monday after announcing a $400 million share purchase agreement to acquire more Ether. The deal, expected to increase its Ether holdings to over $3 billion, involved selling shares at $21.76 each and is set to finalize on Tuesday, pending conditions. Despite the day's loss, SharpLink remains up 17.5% in the last five trading days and 189% this year, following its Ether purchases starting in May. Earlier in June, the stock fell after a filing to potentially resell shares, which caused some concern among investors. Currently, SharpLink has collected 598,800 ETH, valued at approximately $2.57 billion. In the past week alone, it has raised nearly $900 million, signaling strong investor confidence. SharpLink co-CEO Joseph Chalom noted that the rapid investments highlight the growing recognition of Ethereum's potential, as Ether's price has recovered close to its all-time high after a significant uptick of 44.5% in the past month, reaching around $4,300.

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