SharpLink (SBET) Jumps 15.7% as ETH Sets New Record High

We recently published 10 Stocks With Eye-Popping Gains Amid Wall Street Cheer. SharpLink Gaming, Inc. (NASDAQ:SBET) is one of the top performers on Friday.

SharpLink Gaming soared by 15.69 percent on Friday to finish at $20.87 apiece as investor sentiment was bolstered by Ethereum’s soar to a new record high.

During the session, the cryptocurrency climbed to a new high of $4,866, mirroring an overall rally in both crypto and stocks after Federal Reserve Chairman Jerome Powell hinted at rate cuts beginning next month.

SharpLink (SBET) Jumps 15.7% as ETH Sets New Record High

SharpLink Gaming, Inc. (NASDAQ:SBET), one of the largest Ethereum treasury owners globally, rallied alongside Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR), with both companies concentrated on the said cryptocurrency.

Earlier this week, SharpLink Gaming, Inc. (NASDAQ:SBET) was able to raise its ETH treasury to more than $3.2 billion following the acquisition of  143,593 ETH at an average price of $4,648 for a total of $667 million.

It also successfully raised $1 billion in fresh funds in the past few months, proceeds of which are allocated for the acquisition of more Ethereum coins.

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