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Crypto

SharpLink Gaming Shifts Gears Towards Ethereum

Guavy AI Editorial Team
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ETH
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SharpLink Gaming (SBET) has undergone a strategic shift towards Ethereum, purchasing 10,000 units of the digital asset as part of its treasury diversification strategy.

The company raised $75 million and used some of that capital to buy back 2.13 million shares, indicating management's confidence in the company's valuation.

TD Cowen has adjusted its price target for SharpLink Gaming from $16 to $13 while maintaining a Buy rating, citing recent market volatility and increased exposure to Ethereum's price movements.

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