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SharpLink Gaming Plummets Post News of Ether Acquisition

Jack KelloggAvatar
Written by Jack Kellogg Reviewed by Ellis Hobbs Fact-checked by Matt Monaco
Updated 6/18/2025, 11:33 am ET 4 min read
SharpLink Gaming Plummets Post News of Ether Acquisition Thumbnail

In this article

  • SBET-12.85%
    SBET - NASDAQSharpLink Gaming Inc.
    $10.41-1.53 (-12.85%)
    Volume:  8.45M
    Float:  610207
    $10.22Day Low/High$12.82

SharpLink Gaming Inc.’s stocks have been trading down by -10.71 percent amid concerns of market volatility.

Key Takeaways

  • Shares recorded a significant drop after news of a $462M acquisition of ether (ETH).
  • The stock saw a 69% decline following the acquisition announcement and fundraising efforts.
  • A massive 67% plunge occurred amidst news of a secondary offering of 58.7 million shares.
  • Pre-bell trading also saw a 15% dip, countering the previous day’s rally.

Candlestick Chart

Live Update At 11:32:53 EST: On Wednesday, June 18, 2025 SharpLink Gaming Inc. stock [NASDAQ: SBET] is trending down by -10.71%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

More Breaking News

SharpLink Gaming Inc.’s recent financial performance reflected bearish market sentiment. Their announcement of a substantial $462M ether acquisition, combined with the $79M raised primarily for more ETH purchases, impacted stock values noticeably. The dramatic volume spikes indicate turbulent investor reactions which were evidenced by sharp share price declines. The Q1 2025 financial metrics show a mixed analysis. Total revenue registered at a modest $3.6M, while the pretax profit margin stood at a negative 170.6%. Concerningly, operating income was reported as a loss of $925K, indicative of ongoing financial challenges. The company’s balance sheet reveals a total asset base of $2.78M, with liabilities summing up to $693K and equity valued at $2.08M. Financial health metrics such as leverage ratios and liquidity profiles present numerous hurdles, especially in boosting operational profitability or efficiency ratios like return on assets.

Market Reactions: A Tumultuous Path

Recent market responses paint a tumultuous picture for SharpLink Gaming. The recent acquisition of a large ether position, a cryptocurrency often considered volatile, introduced fresh uncertainties. Investors, skeptical about how these purchases might stabilize or upend their portfolio value, triggered panic sell-offs. Such drastic stock value drops shed light on investor apprehension towards prolonged crypto exposures, thus affecting liquidity and market capitalization.

Anecdotally, long-term shareholders reflect on comparisons to previous asset expansions within the tech sector, yet with cautious sentiments. Crypto itself represents an unpredictable market strategy—uncertainty peaks when traditional asset managers lack diversification convinces from company’s strategic gambits.

Conclusion: Heading Towards the Pivot

SharpLink Gaming continues to navigate challenging market dynamics. The series of strategic actions signal significant shifts from traditional gaming investments to adopting crypto-based asset strategies. As the share performance reflects profound dips aligning with these investments, cautious optimism or speculative risks define current investor moods. Only time will reveal if SharpLink’s bold crypto foray pays long-term dividends or if recalibrations pivot towards consolidated digital strategies more akin to corporate growth narratives. Assuredly, stakeholders, anchored to historical financial rockiness, forecast that deployment efficiency remains paramount amidst the operational shake-ups sweeping through their valuation statements. As millionaire penny stock trader and teacher Tim Sykes, says, “Embrace the journey, the ups and downs; each mistake is a lesson to improve your strategy.” This mindset appears crucial for traders who are closely observing SharpLink Gaming’s market maneuvers.

In closing, as volatile winds sweep across the trading canvas, traders and financial analysts alike will keep a vigilant eye on the unfolding events at SharpLink Gaming, hoping for calmer seas ahead.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Jack Kellogg

He teaches webinars on Tim Sykes’ Trading Challenge He became Tim’s youngest millionaire student in 2020. Now he’s second on the Trading Challenge leaderboard with $12.9 million in career earnings. He’s a master of the 7-Step Pennystocking Framework. Jack is one of a rare breed of traders to profitably trade the entire penny stock framework.
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In this article (YTD Performance)

  • SBET+31.67%
    SBET - NASDAQSharpLink Gaming Inc.
    $10.41-1.53 (-12.85%)
    Volume:  8.45M
    Float:  610207
    $10.22Day Low/High$12.82

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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